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Finance Ministry issues new order relaxing limitations imposed on outward remittances of forex

Colombo (LNW): The Ministry of Finance has issued a new order relaxing certain limitations / suspensions imposed on outward remittances of foreign exchange, announced the Central Bank of Sri Lanka (CBSL).

In a statement, the CBSL noted that with a view to assist and maintain the financial system stability by minimising the pressure on the exchange rate and preserving the foreign currency reserve position of the country, the Minister of Finance has issued orders under Section 22 of the Foreign Exchange Act, No. 12 of 2017 (FEA) since 02.04.2020, to temporarily suspend / limit certain outward remittances.

Full Statement:

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