Question
Recently a country has decided to lower the amount of
foreign currency that individuals can hold. What is the name of the Country?Solution
Sri Lanka has decided to lower the amount of foreign currency that individuals can hold to $10,000 from $15,000. The Sri Lankan government will penalize anyone who holds foreign currency for more than three months by making it against the law. This was announced by the island nation's central bank chief on May 19, 2022 amid the country's worst economic crisis.Â
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