Expatriates’ remittances see no changes: CBSL

Seqi Sunday, 04 December 2022 09:44 AM

But the conversion rate is outright exploitation...... many remittances have to be converted to rupees to put rice in the clay pots on the wood burning stoves and with luck a few fish heads and bush tucker grubs. The statement from Central Bank is from a position of privilege.

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Nirmal Sunday, 04 December 2022 10:04 AM

once you fooled us, no more trust on you guys

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Prasath Sunday, 04 December 2022 10:35 AM

In Sri Lanka policies change overnight and different policies for different ppl. When govt and its massive number of inefficient officials get there acts in order every thing will fall in line.

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Dee Sunday, 04 December 2022 10:58 AM

Since when was foreign service fee remittances taxed? Our people are so educated but so very illiterate!

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Fazni Amanulla Sunday, 04 December 2022 11:07 AM

It will be very difficult to build trust. The trust was built over decades and it can be destroyed in a day. Most saved in foreign currency in Sri Lanka banks. Not anymore. They will only send the bare minimum for expended of family and next of kin.

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Prince Sunday, 04 December 2022 11:21 AM

What is the point. If they need to take some foriegn exchange for any requirement they won't allow it. From my AUD NRFC I used in australia, I was charged for every transaction around 6 to 10 dollars as service charge. If you draw cash which is limited to 100 dollars, the service charges are between 12 to 16 dollars. Credit card they charge 30 to 50 rupees a dollar.

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roni Sunday, 04 December 2022 12:59 PM

You guys will change any rule within hours. How do you expected expatriates to believe in what you say. When the begging cannot go on anymore these expatriates will face the music. When a bank pays 10% on USD deposit , it tells you we are in the Greece standard or status.

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Daniel Carter Sunday, 04 December 2022 01:21 PM

I can prove that you are exploiting the expatriate’s remittance because you have done to my account. It clearly says CBSL charges!!!

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Mr Factor Sunday, 04 December 2022 01:39 PM

Once remittances are made, for the necessary unproductive expenses the government will fit in few fresh policies accordingly. No assurance given for the FX remittances.

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Priyan77 Sunday, 04 December 2022 05:37 PM

If you try to forcibly convert export earning, IT professional salaries or any other personal or corporate forex remittances . it will breach trust. In todays world maintain an account in a foreign country is simple as some mouse clicks as all are online . CBSL is thinking in stone age

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Dee Sunday, 04 December 2022 08:29 PM

Have remittances since 2019 on my PFCA account. Still intact and earning good interest!

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Jeewaka Sunday, 04 December 2022 11:11 PM

Do not send a penny to these rouges to buy more v8's and going foreign trips as fact finding missions

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FairJudge Monday, 05 December 2022 07:34 AM

What are the current incentives to enjoy that you are talking about? I recently visited SL and at the airport, the conversion rate is so low (it was about almost 20 rupees less than the real exchange rate). Why bother changing your dollars? Government officials, policy makers and everyone else in SL are so inefficient, this country will never get out of this mess. A country run by lunatics and managed by clowns.

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Mithra Monday, 05 December 2022 07:43 AM

We cannot trust you guys . You always make changes without notice

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