Wednesday, 3 April 2002  
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Central Bank delegates cheque clearing facility to Lanka Clear

By Ravi Ladduwahetty

In a dramatic move aimed at fortifying the local banking system and to keep abreast of the state of the art innovations in international banking, the Central Bank of Sri Lanka has delegated the function of clearing cheques to a limited liability company, with the objective of expediting the encashment of cheques.
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