Page 4 - வெளிநாட்டு பரிமாற்றம் நாடகம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sri Lanka’s Central Bank has revised regulations issued under the Foreign Exchange Act, No. 12 of 2017 (FEA) for further simplification and clarity improvement. The move expects to achieve greater efficiency in the conduct of cross-border foreign exchange transactions alongside further facilitating economic activities of the stakeholders through greater convenience of doing business. The revised foreign exchange policy framework has been implemented with effect from 22 March 2021. Key highlights: i. Excluding the mandatory requirement of opening Inward Investment Accounts (IIAs) by the foreign investors/lenders when granting loans to persons resident in Sri Lanka including to Government of Sri Lanka and State-Owned Enterprises.

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