Apart from it, the limits set on forward market transactions has also been relaxed with effect from today.
These latest moves was announced by the Governor of the Central Bank, Ajith Nivard Cabraal this morning, when he presented the ‘Road Map’, which describes the ‘Country’s Monetary and Financial sector policies for year 2013 and beyond’
According to Cabraal the regulator is also planning to allow the development of selected derivative products.
This, he said, will be subjected to a set of broad guidelines that will be issued during this year.
http://www.news360.lk/economy/news-02-01-2013-banking-sri-lanka-123179