The Central Bank has extended for a month with effect from August 15 the mandatory requirement for those who have foreign exchange in their possession to either sell it to authorised dealers or deposit it in a foreign currency account.
This regulation was first imposed on June 16 where it reduced the amount in one’s possession to US$10,000 from $15,000 earlier and that all currencies should be sold or deposited in a foreign currency account.
The amnesty was then extended in July and now in August. These regulations are aimed at attracting more foreign exchange to the country at a time when there is a scarcity.
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An exhibition badminton match between Sri Lanka’s youngest Olympian shuttler, Viren Nettasinghe, and Anders Antonsen, the World No.2 ranked in Men’s Singles, will take place at the Mercantile Badminton Association (MBA) Courts at Malalasekara Mawatha, Colombo 7 on Friday (13).
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