Srilanka, July 28 -- The Cabinet of Ministers has approved an additional foreign exchange adjustment allowance of up to Rs. 2.5 million per year for students selected under the government's overseas scholarship programme, following the recent depreciation of the Sri Lankan Rupee against major global currencies.



The allowance will be provided to ensure that students pursuing undergraduate studies at internationally ranked foreign universities are able to meet increased costs arising from exchange rate fluctuations.



The scholarship programme, introduced under the 2025 Budget, aims to support the country's top-performing students in the 2024 GCE Advanced Level Examination by enabling them to pursue their first degree programmes over...