Regulatory Alerts2014-10-16 | 02/17/600/002/001Recovery of Accommodation to Exporters
The Central Bank of Sri Lanka has withdrawn four prior circulars governing the recovery of accommodation to exporters, effective 3 October 2014. This regulatory update reflects improved external sector stability, stronger export earnings, and a healthier balance of payments. Licensed commercial banks are directed to implement the necessary compliance measures immediately upon the effective date.
ශ්රී ලංකා මහ බැංකුව இலங்கை மத்திய வங்கி CENTRAL BANK OF SRI LANKA බැංකු අධීක්ෂණ දෙපාර්තමේන්තුව | வங்கி மேற்பார்வைத் திணைக்களம் | Bank Supervision Department
Ref: 02/17/600/002/001
16 October 2014
To: Chief Executive Officers of Licensed Commercial Banks
Dear Sir/Madam,
Recovery of Accommodation to Exporters
The Central Bank of Sri Lanka having considered the improvement in the country’s external sector stability with increased earnings from exports and strengthened external reserves with the improvement in the Balance of Payment has decided to withdraw the Circulars dated 22 January 2001, 29 January 2001, 16 February 2001 and 30 March 2001 on Recovery of Accommodation to Exporters, with effect from 03 October 2014.
Accordingly, you are requested to take necessary measures to comply with the above.
Yours faithfully,
(Mrs) T M J Y P Fernando Director of Bank Supervision
6 වන මහල, අංක 30, ජනාධිපති මාවත, කොළඹ 01 | 6 ஆம் மாடி, இல. 30, ஜனாதிபதி மாவத்தை, கொழும்பு 01 | Level 6, No. 30, Janadhipathi Mawatha, Colombo 01 තැ. පෙ. 590, කොළඹ 01, ශ්රී ලංකාව. | அ. பெ. இல. 590, கொழும்பு 01, இலங்கை. | P. O. Box. 590, Colombo 01, Sri Lanka.
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