Use of unauthorized money remittance schemes costing SL USD

Use of unauthorized money remittance schemes costing SL USD 2 billion annually

By Hiran H.Senewiratne Sri Lankans remit around US $ 7.5 billion annually to Sri Lanka but due to some of them channeling these remittances through unauthorized money schemes, Sri Lanka loses US$ 2 billion of these funds. “This is the reason why the Central Bank introduced ‘SL Remit’, CBSL Governor Ajith Nivard Cabraal said. “SL […]

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