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Nations Trust Bank introduces Indian Rupee as a Designated Foreign Currency - Adaderana Biz English

Move seeks to enhance customer convenience, foster economic growth and deepen diplomatic ties Nations Trust Bank PLC announced a step forward in addressing the growing needs of customers while aligning with the recent directive from the Central Bank of Sri Lanka (CBSL) with the introduction of the Indian Rupee (INR) as a designated foreign currency.. ....

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Finance Minister requests the public to deposit or sell foreign currency notes in possession

In order to attract foreign currency held with the public into the banking system, the Minister of Finance has issued an Order granting an amnesty period of 1 month effective from 15.08.2022 for persons in, or resident in, Sri Lanka who hold foreign currency notes in possession to:

i. Deposit in ....

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Central Bank to initiate actions against persons who hold over USD 10,000 in possession

With the intention of attracting foreign currency in the hands of the public into the formal banking system, the Minister of Finance has issued an Order under Section 8 of the Foreign Exchange Act No. 12 of 2017 as follows:

(1) Reducing the amount of foreign currency retained in possession by a ....

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Sri Lanka tightens legal tender, limits foreign currency possession

Sri Lanka s soft-pegged central bank said it is tightening legal tender framework limiting the possession of foreign currency notes to 10,000 US dollars from 15,000 amid the worst currency crisis in the history of the institution. ....

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Amending Limits and Terms and Conditions on Possession of Foreign Currency - Adaderana Biz English

With the intention of attracting foreign currency in the hands of the public into the formal banking system, the Minister of Finance has issued an Order under Section 8 of the Foreign Exchange Act No. 12 of 2017 as follows: Reducing the amount of foreign currency retained in possession by a person in, or resident. ....

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