Photo: Time News
World Bank To Provide USD 700 Million To Assist People Of Sri Lanka
World Bank plans to provide nearly USD 700 million to Sri Lanka. Sri Lanka is experiencing a tremendous foreign currency shortage, which has caused difficulties in importing vital products. World Bank country manager stated her office is also collaborating with other organizations such as Asian Development Bank, Asian Infrastructure Investment Bank, and the UN office, motivating them to "re-purpose" their already engaged initiatives to assist… read-more
Tags: World Bank, Sri Lanka, Foreign Currency, Asian Development Bank, UN Office
Courtesy: ANI
Photo: Economic Times
Taliban Prohibits Use Of Foreign Currency In Afghanistan; Announces Punishment
Taliban declared total ban on usage of foreign currency in the nation and threatened to punish anybody who violates the rule. In Afghanistan's marketplaces, US dollar is the most widely used means of exchange. Furthermore, US, World Bank, and IMF have restricted Afghanistan's access to more than USD 9.5 billion since the Taliban takeover. "The Islamic Emirate (Taliban) instructs all citizens to conduct all transactions in Afghanis," Taliban… read-more
Tags: Afghanistan, Taliban, Foreign Currency, Islamic Emirate, US Dollar
Courtesy: ANI
Photo: DNA India
6 Air Travellers Smuggling 1.04Cr Foreign Currency Busted At Chennai
Chennai airport customs seized multiple foreign currencies in USD, Saudi Riyal and Euros amounting to Rs 1.04 crore under the Customs Act and Foreign Exchange Management Act. Suspecting on the six Dubai bound passengers, the authorities checked their baggage and surfaced several power banks which concealed foreign currencies. Arresting one of the offenders - Thameem Ansari - the officials have initiated further investigations upon the matter… read-more
Tags: Foreign Currency, Chennai Customs, Cash Smuggling
Courtesy: Zee News
