All posts tagged "export proceeds"
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824Asia-PacificCBSL Orders Banks to Surrender More Foreign Currency
The CBSL has raised the amount of foreign currency banks have to sell to the central bank from 10 to 25 percent of inward remittances and export proceeds.
January 3, 2022 -
301Asia-PacificCBSL Roadmap Outlines Six Month Plan to Stabilise Sri Lanka
Export proceeds must be repatriated and converted to local currency. The loan moratorium will be unwound gradually. Liquidity support will be provided to banks.
October 7, 2021 -
214Asia-PacificNew CBSL Governor Takes Office, Pledges to Ensure Stability
The changes at the CBSL come as Sri Lanka faces depleting foreign exchange reserves and a weakening currency.
September 17, 2021
