Promises in Peril
Anura Kumara Dissanayake’s meteoric rise to the presidency in Sri Lanka has been followed by a sobering realisation: the promises made during a campaign in the heat of a national crisis are far easier to make than to keep.
The Central Bank of Sri Lanka on Saturday announced that the amount of foreign currency an individual can hold has been reduced from $15,000 to $10,000.
The central bank said the decision was taken to attract foreign currency into the formal banking system amid the ongoing economic crisis, reports Xinhua news agency.
Advertisement
An amnesty period of 14 working days effective from June 16 is granted for persons holding foreign currency notes, during which they can deposit them into a foreign currency account or sell them to an authorized dealer, according to the central bank.
Advertisement
At the end of the amnesty period, the central bank will initiate actions against anyone who violates the order, in terms of the provisions of the Foreign Exchange Act.
Advertisement
