Sri Lanka

CBSL announces new incentive for foreign remittances by migrant workers

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The Central Bank of Sri Lanka (CBSL) has announced a new incentive scheme for forex remitted by Sri Lankan migrant workers.Accordingly, Rs.

1,000 incentive will be given for remitted forex of migrant workers equivalent to Rs.

20,000 or more in a single transaction.The Central Bank said the incentive is granted as reimbursement of transaction cost from licensed banks or remittance-receiving agents.According to the Central Bank, this applies only to remittances received to Rupee Accounts maintained in licensed banks and over-the-counter cash receipts..

This article first appeared/also appeared in https://adaderana.lk 




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Category: Srilanka


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