Exchange control stemmed outflows of foreign exchange. In some cases, though, exchange control was not predominant in these outcomes. Favorable oil prices—rather than exchange control—accounted for balance of payments surpluses observed in some periods. Incidentally, exchange control had detrimental ...
He added that the central bank is also planning to relax a regulation that made tourists pay hotels in dollars. Sri Lanka has been suffering a shortage of foreign exchange with its reserve assets standing at around 1.9 billion U.S. dollars at the end of March.■...
He added that the central bank is also planning to relax a regulation that made tourists pay hotels in dollars. Sri Lanka has been suffering a shortage of foreign exchange with its reserve assets standing at around 1.9 billion U.S. dollars at the end of March.■...
Noun1.foreign exchange- the system by which one currency is exchanged for another; enables international transactions to take place interchange,exchange- reciprocal transfer of equivalent sums of money (especially the currencies of different countries); "he earns his living from the interchange of curr...
Upside down rates in Sri Lanka's rupee dollar swap discounts continued to widen this week and market participants lamented the movement of higher share of kerb market foreign exchange to the underworld, after a crackdown on authorized money changers.
ECONOMYNEXT – Sri Lanka’s cabinet of ministers have approved and extension of exchange controls in a proposed by the central bank to extend for six months exchange controls which expired on December 19. The cabinet has approved extending the exchange control regulation for another six months. ...
N. Srinivasan put it as follows : `The allocation of foreign exchange among alternative claimants and users in a direct control system . . .would presumably be with reference to a well-defined set of principles and criteria based on a system of priorities. In point of fact, however, there...
net profits for one to 10 years or reduced CIT rates, special personal income tax rate for foreign staff and foreign executives, special tax deduction rate, duty exemption on machinery, and raw materials for production and R&D, exemption of law on foreign currency exchange control, right to ...
In 1948, Burma (now Myanmar) and Ceylon (now Sri Lanka) gained their independence. 在接下来的几十年里,随着非洲、加勒比和其他地方的领土和属地获得独立或归还给其合法的统治者,去殖民化进程继续进行。 Throughout the next few decades, the process of decolonisation continued as territories and possession...
Foreign Minister of Japan Hayashi Yoshimasa who is in Sri Lanka on an official visit has met President Ranil Wickremesinghe and engaged in talks in debt restructuring support, infrastructure projects, and high-tech investment opportunities.