New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Recently a country has decided to lower the amount of

    foreign currency that individuals can hold. What is the name of the Country?
    A Singapore Correct Answer Incorrect Answer
    B Sri Lanka Correct Answer Incorrect Answer
    C Bangladesh Correct Answer Incorrect Answer
    D Afghanistan Correct Answer Incorrect Answer
    E Myanmar Correct Answer Incorrect Answer

    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. 

    Practice Next