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Message: <blockquote data-quote="warwickuni" data-source="post: 27500675" data-attributes="member: 101444">In simple terms earlier this was 25% and it is now increased to 50%. (there was no impact on customers who remitted money ) . The position regarding export(residual) remittances remain unchanged.My question is will it  have an impact on NRFC . Earlier , since it was 25% there was no mandatory conversion, from the customers accounts but now it is 50% so will this change . The obligation was on LBs not customers ?)Apart from this there is another circular that bans forward contracting in FC from 22.3.2022 (issued in terms of Section 46(1) of Banking ActCabral 's other  circulars.https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/cdg/Banking_Act_Directions_No_01_of_2022_e.pdf</blockquote>

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