Liberalized Foreign Currency Accounts

February, 5, 2016

The Central Bank of Sri Lanka is pleased to announce that, with immediate effect, restrictions on remitting and transacting foreign currencies are eased.

Foreign currencies can henceforth be remitted out of NRFC, RFC and RNNFC accounts and FEEA for any purpose and prior approval need NOT be obtained for such remittances.

Up to USD 10,000 or its equivalent can be withdrawn in cash from such accounts for any purpose.

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