Bangladeshi banks asked to stop ACU transactions with Sri Lanka
The Bangladesh Bank, the central bank of Bangladesh, has instructed banks in the country to refrain from transactions with Sri Lanka through the ACU system, foreign media reported.
The central bank’s Foreign Exchange Policy Department issued a circular yesterday and sent it to top executives of banks, reports The Business Standard.
The Asian Clearing Union (ACU) is an arrangement through which participating countries settle import payments for intra-regional transactions.
Bangladesh, Bhutan, India, Iran, the Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka are members of the ACU, which has headquarters in Tehran. The central banks of the countries have to make payments every two months.
If any Bangladeshi bank wants to settle a transaction with a Sri Lankan commercial bank, it can do that by ignoring the ACU system, the report further said.
Mr Amarakoon ,Indra. Roxie de Abrew you all are talking about this duel citizen ship while Sri Lanka is sinking without a functional government. When British govern this country they did not have SL citizenship. If some one is beneficial to a country does this matter. If the cat is catching the mice does it matter weather it is made of clay.
It is not having a functional government. It is about NOT ALLOWING THE GOVERNMENT TO FUNCTION’. if you want to compare the two, some weeks before Ranil became PM and then the president SL did not have a functional government. To work out whether RW’s appointment is legitimate or not until the next election is due, you can look at the last few weeks of Britain. PS. SL government started depriving the SL citizenship of its own people becoming a citizen of another country many years/decades before the current climate in SL. Just to extract money.
Dear Brother Ranjith, When the British came to SL they came as invaders. Invaders do not need a citizenship to enter a country. People who invaded Iraq, Afghanistan didn’t have citizen ship of those countries. Remember even Vijaya and his merry men came to Lakdiva they didn’t have Citizenship either.
Dear Mr Amarakoon . Does matter weather they came a invaders or other. When they left SL SL was the 21st richest country in the world and Japan was 74th and India was 105th. My point is I cannot see any body in SL can bring this corrupted country from this present state so we might ask duel citizens who has lots of experience to enter the political field and recover SL so the people in SL at least have a decent living and restore law and order.
Brother Ranjith, I was responding to you regarding Citizenship comments you made. Well, I don’t dispute with you regarding SL’s 21 position in the world ranking (pertaining to its wealth) when Britain left. Regarding your other point dual citizens entering into SL’s political arena, according to media there are 10 already in the parliament (not forgetting MIlinda Pintu Mragoda in India with the status of a cabinet minister).