INSUBCONTINENT EXCLUSIVE:
The Central Bank of Sri Lanka (CBSL) has announced a new incentive scheme for forex remitted by Sri Lankan migrant workers.Accordingly, Rs
1,000 incentive will be given for remitted forex of migrant workers equivalent to Rs
20,000 or more in a single transaction.The Central Bank said the incentive is granted as reimbursement of transaction cost from licensed
banks or remittance-receiving agents.According to the Central Bank, this applies only to remittances received to Rupee Accounts maintained
in licensed banks and over-the-counter cash receipts.
This article first appeared/also appeared in https://adaderana.lk
