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L/C Significant Risk Reminder Update: People's Bank of Sri Lanka Has Been Blacklisted
Recently, People's Bank of Sri Lanka has witnessed vicious event of L/C default, causing huge losses to Chinese enterprises in international trade with Sri Lanka. This bank now has been blacklisted by the Economic and Commercial Office of Chinese Embassy in Sri Lanka.
The Office solemnly reminds all Chinese enterprises to strengthen risk control and avoid accepting L/C issued by People's Bank of Sri Lanka in international trade with Sri Lanka.
