Page 3 - Export Proceeds News Today

The 2021 African Integration Report issued under the theme Putting Free Movement of Persons at the centre of Continental Integration, is based on the…

Bangladesh Bank has asked banks to convert major export earnings of businesses into taka immediately as it looks to increase the supply of US dollars in the economy.

The Centre for the Promotion of Private Enterprise (CPPE) says the Central Bank of Nigeria (CBN) should reconsider its stance on the...

Oil & Gas Comparative Guide for the jurisdiction of Indonesia, check out our comparative guides section to compare across multiple countries

Sri Lankas central bank said expat workers are not forced to convert their dollars into rupees, as resident persons earning dollar salaries or payments for doing work from time to time, cried foul over forced conversion of their earnings.

By A.J.A. Abeynayake The Bar Association of Sri Lanka (BASL) Tuesday petitioned the Court of Appeal seeking the issuance of a writ order nullifying the Extraordinary Gazette Notification issued by the Governor of the Central Bank of Sri Lanka ordering the conversion of foreign currency received through bank accounts into Sri Lankan rupees. The petition […]

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To print this article, all you need is to be registered or login on Mondaq.com. The Indonesian Currency Law and Bank Indonesia ("BI") Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of Rupiah restrict most transactions within Indonesian territory from being carried out using foreign currency. Core upstream activities in Indonesia are exempted from this requirement for a certain period of time, such as expenditures in relation to the first three years of the expl...

Thursday, 25 February 2021 - 20:04 State Minister Ajith Nivard Cabraal states that a follow up and review will be carried out at the end of this year regarding the resumption of vehicle imports. He stated this at a media briefing held at the Ministry of Finance today. Attygalle also commented. Meanwhile CBSL stated the reasons for the Repatriation and Conversion of Export Proceeds stating why were these measures needed? On 18 February 2021, the Monetary Board issued Rules in respect of repatria...

Sri Lanka's Central Bank says that the repatriation and conversion requirements related to export proceeds are not uncommon in other regional economies, which have displayed strong export performance. Releasing a statement, Central Bank emphasized that in fact, the requirements are more stringen