Home Street Fashion Sri Lankan apparel exporters urge forex rule reform: Reports

Sri Lankan apparel exporters urge forex rule reform: Reports

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Apparel exporters of the island nation have appealed to the central bank to end a mandatory conversion rule for exports proceeds as the rupee is allowed to appreciate with deflationary monetary policy.
They stressed the urgent need to eliminate the mandatory conversion of export proceeds to sustain fair trade and ensure industry profitability.Apparel exporters of the island nation have appealed to the central bank to end a mandatory conversion rule for exports proceeds as the rupee is allowed to appreciate with deflationary monetary policy.
They stressed the urgent need to eliminate the mandatory conversion of export proceeds to sustain fair trade and ensure industry profitability.