Sri Lanka central bank relaxes forex controls

windi5 · 1 Sri Lanka central bank relaxes forex controls Wed Aug 17, 2011 11:12 pm

windi5

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Sri
Lanka's central bank has relaxed some exchange controls allowing
citizens and foreign residents to engage in a series of forex
transactions without seeking permission from the state, improving
economic freedoms.

The Central Bank of Sri Lanka said the new moves would "enhance investor
confidence, strengthen the foreign reserves in the long run and
stabilize the foreign exchange market" allowing Sri Lanka to integrate
more closely with the world.

Antonym · 2 Re: Sri Lanka central bank relaxes forex controls Wed Aug 17, 2011 11:23 pm

Antonym

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http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20110817e.pdf

sajeethk · 3 Re: Sri Lanka central bank relaxes forex controls Thu Aug 18, 2011 7:41 am

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but still they controlling the import bills... still most of the importers going to pettah market to pay their undervalue bills to other countries by illegal ways..