foreign currency Archives

October 27, 2023

Move seeks to enhance customer convenience, foster economic growth and deepen diplomatic ties October 2023, Colombo: Nations Trust Bank PLC announced a step forward in addressing the growing needs of customers while aligning with the recent directive from the Central Bank of Sri Lanka (CBSL) with the introduction of the Indian Rupee […]

January 30, 2023

The Commercial Bank of Ceylon has announced attractive new benefits for holders of foreign currency accounts with immediate effect. Customers who open new foreign currency accounts would be eligible to receive these benefits, which include an international debit card free of charge, free registration for ComBank Digital and a waiver of the […]

December 2, 2022

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Modelled on popular ‘Millionaire’ account, new plan enables savings of 10,000 upwards in four currencies in 3 to 5 years The Commercial Bank of Ceylon has announced the launch of a unique investment plan that enables Sri Lankans earning foreign currency to save fixed monthly amounts and enjoy attractive interest rates to […]

November 8, 2022

“JKH records EBITDA growth of 45% to Rs.9.29 billion in Q2” EBITDA* (Rs.000) Quarter ending 30 September Six months ending 30 September Q2 2022/23 Q2 2021/22 % Cumulative 2022/23 Cumulative 2021/22 % Transportation 3,034,882 1,201,158 153 7,586,331 2,224,484 241 Consumer Foods 1,008,997 600,295 […]

August 18, 2022

July 29, 2022

The Commercial Bank of Ceylon has announced the launch of a special Foreign Currency Fixed Deposit (FD) scheme in a further response to the requirement to attract investments from foreign sources. The new scheme branded ‘Forex Plus’ offers interest rates of up to 9.5% per annum for tenures of up to […]

July 12, 2022

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A timely opportunity to save for children in foreign currency has been unveiled by the Commercial Bank of Ceylon with the launch of the ‘Arunalu’ Foreign Currency Minor’s Savings Account. Savings can be made in four designated currency denominations for children who are Sri Lankan citizens resident in Sri Lanka or […]

July 11, 2022

The Minister of Finance has issued an Order under Section 8 of the Foreign Exchange Act No. 12 of 2017 extending the amnesty period granted for persons in or resident in Sri Lanka to deposit or sell the foreign currency in possession to an Authorized Dealer (A Licensed Commercial Bank or […]

June 27, 2022

February 20, 2022

The Colombo Stock Exchange (CSE) has enabled local entities incorporated or established in Sri Lanka to issue and list foreign currency denominated shares in the main market segment (Diri Savi and Main Boards) of the CSE. This new financing option for local companies is a result of the […]

Nations Trust Bank introduces Indian Rupee (INR) as a Designated Foreign Currency

International Debit Card & ComBank Digital free for ComBank FC account holders

ComBank launches maturity-based foreign currency investment plan

JKH records EBITDA growth of 45% to Rs.9.29 billion in Q2

Amnesty to deposit/sell Foreign Currency in the hands of the public

ComBank launches ‘Forex Plus’ Foreign Currency FD scheme with interest rates of up to 9.5%

ComBank launches ‘Arunalu’ Foreign Currency Savings Account for children

Extending the Order issued on Possession of Foreign Currency

Amending limits and conditions on possession of foreign currency

Opportunity for local corporates to raise foreign currency denominated capital through CSE