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New Order relaxing outward remittances of foreign exchange
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<blockquote data-quote="imhotep" data-source="post: 29051809" data-attributes="member: 562115"><p><strong>New Order issued relaxing certain limitations/suspensions imposed on outward remittances of foreign exchange.</strong></p><p></p><p>With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency reserve position of the country, the Hon. 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.</p><p></p><p>Link to the Full Central Bank Press Release.</p><p></p><p><a href="https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/pr/press_20230724_new_order_issued_relaxing_certain_limitations_suspensions_imposed_on_outward_remittances_of_foreign_exchange_e.pdf" target="_blank">https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/pr/press_20230724_new_order_issued_relaxing_certain_limitations_suspensions_imposed_on_outward_remittances_of_foreign_exchange_e.pdf</a></p></blockquote><p></p>
[QUOTE="imhotep, post: 29051809, member: 562115"] [B]New Order issued relaxing certain limitations/suspensions imposed on outward remittances of foreign exchange.[/B] With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency reserve position of the country, the Hon. 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. Link to the Full Central Bank Press Release. [URL]https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/pr/press_20230724_new_order_issued_relaxing_certain_limitations_suspensions_imposed_on_outward_remittances_of_foreign_exchange_e.pdf[/URL] [/QUOTE]
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