Several leading licenced commercial banks in Sri Lanka have declared their selling rate of the USD at Rs. 335.00. It is an increase of Rs. 5 to that of Rs. 330 yesterday. As per the official exchange rates of the CBSL, the buying rate of the US Dollar is Rs. 319. 20.
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A statement issued by the Ministry of Finance and the Central Bank of Sri Lanka says that the banking system is stable and that operations of state banks are carried out as usual, contrary to the statements made otherwise. Source – Ada Derana
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Sri Lanka’s central bank will revise up ceiling interest rates on credit card loans and temporary overdrafts now after policy rates were raised on March 04, to reduce money printing and a bring forex crisis under control. The central bank will “revise upwards the caps imposed on interest rates applicable to credit cards to 20 […]
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