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Wednesday, January 05, 2011 - 05.44 GMT

Further foreign exchange relaxation measures

 

Further foreign exchange relaxation measures will be implemented in 2011 covering travel and shipping related businesses and the education sector along with several other areas, stated the Central Bank in its ‘Roadmap: Economic and Financial Sector Policies for 2011 and Beyond’, announced yesterday (4 Jan).

Permission will be granted to residents to make payments to non-residents in respect of purchase of real estate, the bank said.

The Roadmap also states that Sri Lankan students studying abroad in future can obtain loans from banks in the country of study.

The Central Bank will introduce special foreign currency accounts for Travel agents, Airlines and Local companies who undertake foreign contracts such as power projects, building constructions etc. and local companies which undertake foreign funded projects in Sri Lanka.






 
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Last modified: January 05, 2011.

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