Category: Markets
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Sri Lanka’s CB to introduce intra-day reference FX rate this year; dealers welcome move
FINANCIAL CHRONICLE – Sri Lanka’s Central Bank is set to introduce a benchmark intra-day reference exchange rate this year to enhance transparency in the foreign exchange market, according to Central Bank Governor Nandalal Weerasinghe. The absence of a reference exchange rate has previously hindered the growth of Sri Lanka’s forex market and discouraged the trading