Sri Lanka central bank has warned the money exchanges that sell foreign currencies at higher exchange rates that their licenses would be suspended or revoked
Citing the financial crisis in Sri Lanka, Kerala Finance Minister K N Balagopal on Sunday said that the Central government should correct its policies and added that states should be given Goods and Services Tax (GST) compensation and additional grants.
The International Monetary Fund (IMF) on Friday recommended a number of measures for macroeconomic stability in Sri Lanka and also to mitigate adverse impacts on the vulnerable and the poor.