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Tag: private banks

CBSL issues new directive to private Banks

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The Central Bank of Sri Lanka (CBSL) has issued a circular on amendments to the Operating Instructions on “Incentive Scheme on Inward Worker Remittances” and “Repatriation of Export Proceeds into Sri Lanka”. As per the circular, the CBSL has instructed commercial banks to sell twice the amount of US$ to the Central Bank reducing the […]

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