The Central Bank’s Monetary Board, having considered the requests made by exporters of goods, has directed to reduce the percentage of mandatory conversion requirement of export proceeds of goods into Sri Lankan Rupees to 10 per cent from 25 per cent.
“Extend the number of days given to exporters to convert the export proceeds of goods into Sri Lankan Rupees, as required in above, from 14 days to 30 days, provided, however, that such date of conversion shall not be a date later than 180 days from the date of shipment,” the Bank said in a statement.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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