Sri Lanka dollar salary earners protest as banks force convert forex

Hamu mahaththaya1

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  • Dec 7, 2017
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    ECONOMYNEXT – Resident Sri Lankans who earn dollar salaries and deposited them in forex accounts in the past are calling banks to protest against conversion of their earnings in to rupees against their wishes, multiple customers said.

    Customers were warned of forced conversion of forex after the central bank issued a gazette ordering merchandise and service exporters to convert their dollars.

    Another customer said he was planning legal action against banks as there was a contractual relationship between banks and customers, which he felt was violated when banks took actions against his wishes.

    https://economynext.com/sri-lanka-dollar-salary-earners-protest-as-banks-force-convert-forex-88668/

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