Over 300 million US dollars is expected to be remitted following the offer given by the Central Bank to migrant Sri Lankans, Central Bank Governor Ajith Nivard Cabraal said.
Migrant Sri Lankans will receive Rs.10 extra for each USD remitted through licensed banks and other formal channels and converted into rupees in December 2021.
“The increase from two rupees to ten rupees will have a big impact on remittances,” he said.
Meanwhile, bank accounts of those who distribute and receive money through unlawful money transmission methods will be frozen with immediate effect, the Governor warned.
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The Sri Lanka Army has launched in internal investigation into the accident at the Fox Hill super-Cross races in Diyathalwa yesterday claiming seven lives.
An opportunity to travel to Japan for employment as skilled workers is being offered under a programme known as ‘Jayagamu’ Sri Lanka, announced by Labour Minister Manusha Nanayakkara.
Railway General Manager H.M.K.B. Bandara passed away of a sudden illness today in Anuradhapura.
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