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Sri Lanka s economy will slow with expected tighter fiscal and monetary policy and more foreign resources are needed for debt repayments and financial stability, Central Bank Governor Nivard Cabraal has said.
Sri Lanka s economy will slow with expected tighter fiscal and monetary policy and more foreign resources are needed for debt repayments and financial stability, Central Bank Governor Nivard Cabraal has said.
Sri Lanka central bank has lifted a ban on foreign exchange trading and allowed banks to sell forward to importers from March 22, in a new direction issued to banks, ending one of several cascading policy errors that led to an economic crisis.