Sri Lanka c bank relaxes For Ex curbs

SRI LANKA - Sri Lanka's Central Bank announced 20 August the relaxation of several restrictions on foreign exchange transactions through commercial banks imposed in January, the official Daily News reported on 21 August.

Additional Director of Economic Research of the Central Bank D. S. Wijesinghe was quoted by the paper as saying that the restrictions were no longer needed as the foreign exchange market has continued to be stable and participants have generally operated with prudence.

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