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Establishing the Department of Foreign Exchange to Implement the Foreign Exchange Act, No. 12 of 2017
... in its Budget Proposals for 2016, that a new foreign exchange law will be introduced. In keeping with this announcement, a new legislative and policy framework for foreign exchange operations has been implemented by the Foreign Exchange Act, No. 12 ...
content_manager - 31.01.2018 - 11:35
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Central Bank Initiates Regulatory Actions Against Errant Money Changers
... the Directions issued under the provisions of the Foreign Exchange Act No. 12 of 2017 (FEA), the Central Bank is conducting a series of ... Ltd at No. 157, Chilaw Road, Wennappuwa Royal Money Exchange (Pvt) Ltd at No. 55, Galle Road, Colombo 06 Prasanna Money ...
conedit1 - 09.12.2021 - 18:38
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External Sector Performance - September 2020
... and the resultant stability in the domestic foreign exchange market. The trade deficit improved in September 2020, compared to a ... investment inflow during the month, while the Colombo Stock Exchange (CSE) recorded outflows. Net inflows to the domestic foreign exchange ...
content_manager - 09.11.2020 - 15:15
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External Sector Performance - October 2020
... and the resultant stability in the domestic foreign exchange market. While imports continued to be restrained under low global oil ... the month. In the financial account, the Colombo Stock Exchange (CSE) recorded a marginal net foreign investment inflow, while the ...
conedit1 - 14.12.2020 - 19:24
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External Sector Performance – February 2022
... in February 2022. Foreign investment in the Colombo Stock Exchange (CSE) recorded a net inflow during the month. The weighted average spot exchange rate in the interbank market hovered around Rs. 202 per US dollar ...
tmadmin - 15.05.2022 - 14:35
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Amending Limits and Terms and Conditions on Possession of Foreign Currency
... Finance has issued an Order under Section 8 of the Foreign Exchange Act No. 12 of 2017 as follows: Reducing the amount of foreign ... the Order, in terms of the provisions of the Foreign Exchange Act. For further information you may: a.Contact any Licensed ...
tmadmin - 25.06.2022 - 10:30
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External Sector Performance - April 2022
... in the government securities market and Colombo Stock Exchange (CSE) recorded marginal net inflows during April 2022. Considering continued pressures in the domestic foreign exchange market, the Central Bank introduced measures in May 2022, including ...
tmadmin - 16.06.2022 - 09:40
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Central Bank makes it mandatory for hotel service providers to accept payments from persons resident outside Sri Lanka in foreign exchange
... from persons resident outside Sri Lanka, only in foreign exchange. These Rules are published in the Gazette Extraordinary No. ... to persons resident outside Sri Lanka only in foreign exchange. - deposit such foreign currency into a Business Foreign ...
conedit1 - 25.01.2022 - 09:27
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Repatriation and Conversion of Export Proceeds and the Incentive Scheme to attract Higher Workers’ Remittances
... forcibly into LKR upon the receipt of such foreign exchange funds by the Licensed Banks. Rules on conversion of export proceeds DO ... and other formal channels may hold such funds in foreign exchange at any commercial bank. Accordingly, it is NOT mandatory for Sri ...
conedit1 - 08.01.2022 - 19:04
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Measures to Encourage Offshore Borrowings by Private Sector
... of Finance and in line with provisions of the Foreign Exchange Act No. 12 of 2017 (FEA). In this regard, to hedge the foreign exchange risk of offshore borrowing, a zero cost swap facility would be made ...
conedit1 - 08.06.2021 - 06:45