- Last Update 2024-11-05 14:28:00
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.
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- October 26, 2024 - 434 - 0
NPP wins Elpitiya Pradeshiya Sabaha election
The National People’s Power (NPP) won the Elpitiya Pradeshiya Sabha election by returning 15members from a total of 30 representatives in the council, today.
- October 26, 2024 - 253 - 0
SLR to resume northern line train operations
The Sri Lanka Railways would resume services in the northern line track tomorrow by initially running two trains.
- November 1, 2024 - 225 - 0
Northern Province’s Palali-Achchuveli road reopens after 30 years
The Palali-Achchuveli main road in the Northern Province was reopened today (Nov 01) after being closed for over 30 years, following a directive from President Anura Kumara Dissanayake.
- October 29, 2024 - 223 - 0
Housemaid gets off with pilot’s baggage at BIA
A housemaid who stole a pilot’s baggage at the Bandaranaike International Airport was arrested within three hours after the robbery today, Police said.
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