Monthly Archives: March 2021

Repatriation and Conversion of Export Proceeds: Why are these measures needed?

On 18 February 2021, the Monetary Board issued Rules in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lanka rupees, and also issued Operating Instructions to Licensed Banks on the same. The above Rules and Operating Instructions, which would supplement the repatriation requirement already in place, were issued

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