Sri Lanka clamps down on remittances as it battles forex crisis

Sri Lanka bans open account imports in a bid to stop the demand of unofficial transfers made through Undiyal/Hawala gross settlement systems. Senior Professor Dr Kopalapillai Amirthalingam- University of Colombo-Department of Economics explains more about this.

Source: iStock / Getty Images Plus. Inset: Prof Amirthalingam

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