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New Order relaxing outward remittances of foreign exchange
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<blockquote data-quote="warwickuni" data-source="post: 29061293" data-attributes="member: 101444"><p>You are spot on. My bet is this 6 month lift is to encourage remittances through confidence building but there are equally effective lobbying by the lot who fish in trouble waters not to send money to SL, by visiting these countries and misleading them with wrong information in the guise of patriotism .</p><p>One other fact is our remittances from Gulf is now very much below 50% . Even in Gulf there are skilled workers whose financial literacy is better than an average local. This may be the reason to target S.Korean workers to stop remittances. CBSL should attract them using Banking System offering some innovative schemes, but jealousy comes first ....</p></blockquote><p></p>
[QUOTE="warwickuni, post: 29061293, member: 101444"] You are spot on. My bet is this 6 month lift is to encourage remittances through confidence building but there are equally effective lobbying by the lot who fish in trouble waters not to send money to SL, by visiting these countries and misleading them with wrong information in the guise of patriotism . One other fact is our remittances from Gulf is now very much below 50% . Even in Gulf there are skilled workers whose financial literacy is better than an average local. This may be the reason to target S.Korean workers to stop remittances. CBSL should attract them using Banking System offering some innovative schemes, but jealousy comes first .... [/QUOTE]
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