Tuesday, April 28, 2020

Central Bank sets maximum limit on pawning interest rates

COLOMBO (News1st): Sri Lanka’s central bank has instructed licensed banks to limit the interest rates on pawning to one percent a month from April 27 to provide relief to low-income individuals who are pawning gold jewellery to meet their short-term financing needs due to the adverse economic situation resulting from the COVID-19 outbreak. “This maximum […]

Central Bank sets maximum limit on pawning interest rates

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