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LankaWeb – Restrictions to control foreign exchange remittances outside Sri Lanka further extended

Posted on June 29th, 2021 Courtesy Adaderana The Cabinet of Ministers approved the further extension of orders issued under the Foreign Exchange Act to control foreign exchange remittances outside the country. Previously, orders were issued under Section 22 of the Foreign Exchange Act No. 12 of 2017 to suspend external remittances related to certain transactions, taking into account the possible negative impact on the country’s foreign reserves and foreign exchange market due to the Covid 19 epidemic.  The orders expire on July 1, 2021, and the Central Bank of Sri Lanka said the order should be further implemented to minimize potential risk in the foreign exchange market and maintain the stability of the financial system. 

Announcement of call-in of Certificate of Deposit (CBI2016)

Announcement of call-in of Certificate of Deposit (CBI2016)
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