Restrictions on Sri Lankan banks relaxed

sri-lanka

The Central Bank of Sri Lanka today (January 2) released a ‘road map' for monetary and financial sector policies for 2013 and beyond, centring on the promotion of diversification and the relaxation of foreign exchange limits.

As of today, the limits on commercial banks' foreign exchange net open positions have increased, which the central bank said will give the banks "more flexibility" in managing their foreign exchange transactions.

The central bank also eased restrictions on banks' forward

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