Over 300 million US dollars is expected to be remitted following the offer given by the Central Bank to migrant Sri Lankans, Central Bank Governor Ajith Nivard Cabraal said.
Migrant Sri Lankans will receive Rs.10 extra for each USD remitted through licensed banks and other formal channels and converted into rupees in December 2021.
“The increase from two rupees to ten rupees will have a big impact on remittances,” he said.
Meanwhile, bank accounts of those who distribute and receive money through unlawful money transmission methods will be frozen with immediate effect, the Governor warned.
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.
Leave Comments