ECONOMYNEXT – Sri Lanka’s cabinet of minister had approved a 38 rupee incentive to expat workers in pace of the current 10 rupees, Cabinet spokesman Minister Dullas Alahapperuma said.
“This is an incentive to bring in more remittances,” Minister Alahapperuma said. “The cabinet approved it before the decision was made to change the exchange rate.
“The central bank will clarify the decision tomorrow.”
The proposal by Labour Minister Nimal Siripala de Silva said worker remittances will be paid 38 rupees instead of the current 10 rupees.
Minister Alahapperuma said the central will call a press conference on Wednesday and clarity matters. (Colombo/Mar08/2022)