INSUBCONTINENT EXCLUSIVE:
The Central Bank of Sri Lanka (CBSL) says the government has decided not to implement the proposed scheme for additional incentives for
remittances by expatriate workers and net earnings of exporters.In a statement, the CBSL says the exchange rate seems to have now reached a
as a result of its decision.Accordingly, the current exchange rate provides a higher return on the foreign exchange remittances of
expatriate workers and a higher rupee value on the net earnings of exporters.In view of these recent developments, the government decided
rate, the conversion of foreign exchange earnings through formal channels by expatriate workers and exporters has already shown a marked
This article first appeared/also appeared in https://adaderana.lk
