- Last Update 2024-07-18 23:24:00
Mandatory sale of foreign cash to Central Bank
Sri Lankan banks have been directed to sell 25 per cent of inward workers remittances in US dollars to the Central Bank (CB) on a weekly basis with effect from December 27, the CB said tonight (Monday).
The same rule applies to the sale of 25 per cent of the residual of export proceeds which is mandatory to covert to Sri Lankan rupees, and foreign currency held by the public.
Monday’s move comes in the wake of the government struggling to boost sagging foreign reserves while the public is awaiting to see whether the CB will fulfil its promise of increasing foreign reserves to US$3 billion by Friday, December 31.
Foreign reserves as at November 2021 was $1.5 billion.
-
Still No Comments Posted.
- July 11, 2024 - 1254 - 0
Colombo Fort Magistrate interdicted
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
- July 16, 2024 - 307 - 0
MP on open warrant turns up at school event
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
- July 12, 2024 - 277 - 0
SC refuses interim order on Judges appointments
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
- July 10, 2024 - 275 - 0
Deadline extended for G.C.E. A/L applications
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
- July 12, 2024 - 191 - 0
Gazette on new speed limit regulations to be issued within two weeks
Gazette on new speed limit regulations to be issued within two weeks
Related Articles
Justice Minister orders to suspend issuing of gazette on 22nd Amendment
- 18/07/2024 - 52 - 0
Senior DIG Nilantha Jayawardena sent on compulsory leave
- 18/07/2024 - 76 - 0
IN PIX: News Pictures of the week
- 18/07/2024 - 13 - 0
DWC calls for support of public to protect marine life
- 18/07/2024 - 37 - 0
Leave Comments