Sberbank and VTB Bank have been granted approval to open vostro accounts in India to settle rupee trade transactions.
October 27, 2022The BOT is scrapping a $50mn annual limit on lending to unaffiliated companies in foreign countries, as well as limits on purchases of overseas real estate.
April 24, 2022Sri Lankan banks are charging heavy premiums to execute FX transactions, claiming to not have US dollars available.
October 4, 2021The changes at the CBSL come as Sri Lanka faces depleting foreign exchange reserves and a weakening currency.
September 17, 2021