Monday, 05 October 2015 - 19:47
Deposit Swiss account cash in Sri lanka; Source of funds would not be questioned.Says Finance Minister to
Finance Minister Ravi Karunanayake has requested to suspend export of motor vehicles from Japan to Sri Lanka until the next budget is presented.
Minister Karunanayake, who is included in the delegation led by the Prime Minister to Japan, has divulged this information during a meeting with Sri Lankan community living in Japan.
Meanwhile, Finance Minister Ravi Karunanayake has invited Sri Lankans and Indians who had to take back their deposits from banks in Switzerland to place their funds in Sri Lanka.
Minister Karunanayake said in view of the current close ties between the two countries, the Indians should consider Sri Lanka their ‘second home.
In an interview with The Hindu news paper he said “No questions would be asked about the source of funds.
He added that interest rates will be offered ranging from 1.5 per cent to 3 per cent, whereas they were getting nothing in Switzerland.
An official of the Finance Ministry explained that necessary changes in banking regulations of Sri Lanka would be made to ensure safety of funds to be deposited through the proposed scheme.