Central Bank (CBSL) Governor Ajith Nivard Cabraal announced today (07) that instructions were given to all banks to release US Dollars for students traveling overseas for higher education.
“In order to avoid an inconvenience, we have instructed all the banks to release those funds,” Cabraal said at a forum organized by the President’s Media Division.
He also added that if there are issues relating to these matters, they should be referred to the Central Bank where it would be addressed.
Cabraal made this decision based on concerns raised by parents over making payments to overseas universities for their children’s higher education.
Cabraal requests banks to release USD for students travelling for education purposes
07 Oct 2021
Cabraal requests banks to release USD for students travelling for education purposes
07 Oct 2021
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