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Sri Lanka s central bank has tightened border transactions reporting with a new system in the latest control on the people as the country suffers the worst currency crisis in the history of the intermediate regime monetary authority.
Recognising the need to implement a comprehensive cross border transactions and domestic foreign currency transactions monitoring system as a key national priority, the Central Bank of Sri Lanka (CBSL) has implemented a new data collecting system known as the International Transactions Reporting System (ITRS) with the participation of Licensed Commercial Banks (LCBs) and Licensed Specialised.