CBSL rescinds incentive scheme for workers’ remittances
The Central Bank of Sri Lanka has rescinded the additional incentive scheme for expatriate workers’ remittances and exporters.
According to the Central Bank, as a result of the decision of the Central Bank of Sri Lanka to allow flexibility in the exchange rate, the exchange rate seems to have now reached a level surpassing the level of incentives that was intended to stimulate expatriate workers’ remittances and conversion of export earnings.
