June, 25, 2022
With the intention of attracting foreign currency in the hands of the public into the formal banking system, the Minister of Finance has issued an Order under Section 8 of the Foreign Exchange Act No. 12 of 2017 as follows:
i.To deposit into a Personal Foreign Currency Account or into a Business Foreign Currency Account as specified in the Order, or
ii.To sell to an Authorized Dealer (A Licensed Commercial Bank or National Savings Bank)
At the end of the said amnesty period, the Central Bank of Sri Lanka has the right to initiate actions against persons who hold foreign currency in possession by violating the Order, in terms of the provisions of the Foreign Exchange Act.
For further information you may: