Category: Economy

  • Sri Lanka Imposes Strict Penalties on Local Foreign Currency Transactions

    Sri Lanka Imposes Strict Penalties on Local Foreign Currency Transactions

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    The Central Bank of Sri Lanka has issued a warning to residents against conducting transactions in foreign currencies within the country, highlighting the risk of incurring fines up to 25 million rupees and/or facing imprisonment. The bank has observed instances where residents engage in transactions using foreign currency instead of the Sri Lankan rupee. Under

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