The Central Bank has directed all licensed banks to sell 50 percent of inward workers’ remittances to the Central Bank every week.
The directive came into effect from Monday (21 March) and will be in place till 29 July 2022.
Previously, licensed banks were directed to sell to the CBSL 25 percent of inward workers’ remittances in US Dollars per week.
CBSL Governor Ajith Nivard Cabraal said that the forex purchases have supported the regulator to provide the forex required to finance essential imports to the country.
Tourist arrival crossed the 100,000 mark within the first two weeks of January, recording a…
Veteran Sri Lankan singer Anil Bharathi has passed away at the age of 75.
The case involving alleged financial irregularities amounting to Rs. 70 million during the leasing of…
President Anura Kumara Dissanayake stated that this year’s budget will be prepared with the objective…
The Department of Meteorology says that showers will occur at times in Eastern, Northern, North-central,…
The Ceylon Chamber of Coconut Industries has urged the government for permission to import 200…
View Comments
when will this Cabraal kicked out?