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<blockquote data-quote="topkollek" data-source="post: 28644592" data-attributes="member: 510150"><p><h3>Sri Lanka central bank cuts surrender requirement</h3><p> </p><p>Monday February 27, 2023 11:28 am</p><p> </p><p>ECONOMYNEXT – Sri Lanka has cut a requirment for commercial banks to surrender 25 percent of export proceeds and remittances to 15 percent effective from February 27.</p><p>The move will help ‘market driven fx activities’, the central bank said in a letter to chief executive officers of banks.</p></blockquote><p></p>
[QUOTE="topkollek, post: 28644592, member: 510150"] [HEADING=2]Sri Lanka central bank cuts surrender requirement[/HEADING] Monday February 27, 2023 11:28 am ECONOMYNEXT – Sri Lanka has cut a requirment for commercial banks to surrender 25 percent of export proceeds and remittances to 15 percent effective from February 27. The move will help ‘market driven fx activities’, the central bank said in a letter to chief executive officers of banks. [/QUOTE]
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