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.
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Customs have detected 228 mobile phones and tabs valued at over Rs 30 million left behind in the duty free shopping complex at the Banaranaike International Airport today, Customs officials said.
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