Limits imposed on bank foreign exchange

The Sri Lanka Central Bank has imposed limits on the daily foreign exchange allowed to be held by commercial banks.

According to bank sources, commercial banks would not be allowed to hold American Dollars and other foreign currency over the Central Bank stipulated quota and this limit would change from bank to bank.

A circular in this regard has already been sent by the Central bank to other commercial banks and the accordingly, the excess amount of American Dollars held by these banks would be supplied to the market, these sources added.