Incentive scheme to pay Rs.2 per USD for worker remittances
Dec 22, 2020

Incentive scheme to pay Rs.2 per USD for worker remittances

The Government in recognition of the role of Sri Lankan’s employed overseas and their contribution to the economy amidst, the challenges arising from the COVID-19 pandemic, proposed in the Budget 2021 an incentive to pay Rs.2 per USD when such employees or their beneficiaries converts such remittances of earnings into Sri Lankan Rupees.

A statement issued by the Ministry of Finance further said :

This scheme will be implemented through Licensed Banks with the government bearing the required cost of such incentives paid.

The necessary instructions on the implementation process will be issued by the Central Bank of Sri Lanka.

All Sri Lankans working overseas are invited to make use of this opportunity to remit their funds through secure sources and earn more at the point of conversion to Sri Lankan Rupees.

 

Last modified on Tuesday, 22 December 2020 22:09
More in this category: « Kithul to be a plantation crop Alibaba being probed over monopoly tactics »
back to top
Top