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Message: <blockquote data-quote="topkollek" data-source="post: 28654941" data-attributes="member: 510150">ECONOMYNEXT – Sri Lanka will end a guidance peg and will also end a surrender rule from next week allowing the rupee to trade more freely, but will buy dollars to build reserves, Central Bank Governor Nandalal Weerasinghe said.A daily guidance peg will no longer be announced from next week.A surrender rule where the banks were asked to sell 15 percent of their dollar inflows will also end from next week.The central bank will buy to build reserves as and when they can, Governor Weerasinghe said.“We will intervene in both directions,” he said.</blockquote>

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