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Message: <blockquote data-quote="monson" data-source="post: 21816082" data-attributes="member: 30005">Harsha in Dubai for talks on international financial centre in Sri LankaJun 16, 2017 08:56 AM GMT+0530ECONOMYNEXT - Sri Lanka's Deputy Minister of Policy Planning and Economic Development is in Dubai for talks on taking forward a planned Colombo International Financial Centre (CIFC) initiative.De Silva said in a twtter.com post that he was having meeting with officials in Dubai who helped built the Dubai International Finance Centre and similar initiatives elsewhere.  Sri Lanka is planning to set up financial centre within the proposed Port City where Prime Minister Ranil Wickremesinghe said special financial laws will apply.Dubai and Hong Kong has similar laws.Unlike Dubai and Hong Kong which have stable currencies, Sri Lanka has a high inflation central bank with multiple objectives which prints large volumes of money to suppress interest rates, generates currency depreciation, inflation and capital flight though frequent balance of payments crises.More:<a href="http://www.economynext.com/Harsha_in_Dubai_for_talks_on_international_financial_centre_in_Sri_Lanka-3-8141-1.html" target="_blank">http://www.economynext.com/Harsha_in_Dubai_for_talks_on_international_financial_centre_in_Sri_Lanka-3-8141-1.html</a></blockquote>

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