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Message: <blockquote data-quote="SHAPE_SHIFTER_007" data-source="post: 15060015" data-attributes="member: 445137">Receive money through Paypal to Sri lanka <img src="http://www.inside.lk/wp-content/uploads/2013/05/paypal-sri-lanka.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /> May  30, 2013 (LBO) – Sri Lanka is looking to give the freedom of getting  inward payments through Paypal, a cost-effective global remittance and  payments system that has helped boost e-commerce in many countries,  Central Bank Governor Nivard Cabraal said. Cabraal  had progressively removed several odd exchange controls imposed on Sri  Lankan citizens in the past, expanding their economic freedoms. Critics  say many exchange controls are violated by the rich and powerful but  only held back the activities of honest citizens. Exchange  controls were slapped on citizens in many countries after 1950 after  they joined the failed Bretton Woods system which tried to defy laws of  nature by printing money and trying to maintain an exchange rate peg at  the same time. Sri  Lankan’s can currently make use of the Paypal system to make payments  via their credit cards which results in an outflow of cash but cannot  receive cash because the system’s accounts are not allowed to be linked  to banks accounts in this country. Paypal has expanded worldwide helping make small payments to internet based businesses. People  from USA to Vietnam are using Paypal to run a variety of businesses  ranging from selling goods online through ebay.com an auction site  running flower delivery businesses and small time outsourcing  activities. Lack  of Paypal inward remittance had been a key problem for expanding  internet based business in Sri Lanka especially small time outsourcing  work done through the internet by independent workers. To  receive money through conventional means such as mailed cheques or cash  transfer companies results in high fees charged to Sri Lankan  receivers, each time a remittance is made. [CODE]http://www.inside.lk/business/receive-money-through-paypal-to-sri-lanka/[/CODE] </blockquote>

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