Regulatory Alerts2015-05-28 | 02/17/600/0002/002Recovery of Accommodation to Exporters
The Central Bank of Sri Lanka has rescinded its October 2014 circular and amended four earlier directives to reduce the enhanced interest rate on exporter accommodation from 1,000 to 500 basis points. This directive takes effect on 1 June 2015 and mandates licensed commercial banks to proactively inform affected customers regarding its applicability. The updated framework standardizes accommodation costs, thereby enhancing competitiveness for exporters while maintaining regulatory oversight.
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