COLOMBO, Sri Lanka (AP) — Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more than three months, ...

COLOMBO, Sri Lanka (AP) — Sri Lanka will exchange currency with China under a 10 billion yuan (about $1.5 billion) agreement aimed at promoting trade and investment between the two countries, the ...

Sri Lanka's central bank on Thursday decided to substantially lower the limit of foreign currency a person can hold to $10,000 from $15,000 and said it will crack down on those possessing them for ...

Sri Lanka is discussing with China to amend the terms and conditions of the USD 1.5 billion currency swap deal with Beijing so that it can be used for imports amidst an unprecedented economic crisis ...

The Budget Crunch Is Coming. States Must Adjust Their Spending Accordingly Audio By Carbonatix Sri Lanka, an island nation of 22 million people, is in the grips of an economic meltdown. This ...

Central Bank Governor Nandalal Weerasinghe told reporters that people are requested to deposit excess foreign currency in a bank or convert it into local currency within two weeks of the announcement.

COLOMBO — The war in Ukraine has generated an economic tidal wave, which is crashing over countries near and far. Among the more far-flung is Sri Lanka, half a world away from the battlefield, where ...

Sri Lanka ends 2021 with foreign currency reserves in hand (US$1.6 billion) to support a month of imports. For much of the year, a shortage of dollars saw uncleared essential imports piling up at the ...