Regulatory Alerts2015-08-03 | 02/17/600/002/002Recovery of Accommodation to Exporters
The Central Bank of Sri Lanka directs licensed commercial banks to exercise discretion in extending export credit settlement periods for tea exports up to 180 days from shipment, addressing delayed remittances caused by geopolitical factors. This extension requires approval from a duly authorized executive officer within each bank and applies specifically to credit granted to tea exporters. The directive takes effect from 1 June 2015 and supersedes previous accommodation guidelines for this sector.
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