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CB relaxes mandatory conversion requirement on service export proceeds - Adaderana Biz English

With the view of encouraging service exporters to repatriate their export proceeds into the country, the Central Bank of Sri Lanka has withdrawn the mandatory requirement to convert service export receipts/proceeds, that are received in Sri Lanka on or after 12 August 2022. The service exporters may use their export proceeds so repatriated to Sri. ....

Sri Lanka , Sri Lankan , Central Bank , Export Proceeds , Sri Lanka Rules , Gazette Extraordinary ,

BASL petitions Court of Appeal to protect their dollar earnings

By A.J.A. Abeynayake The Bar Association of Sri Lanka (BASL) Tuesday petitioned the Court of Appeal seeking the issuance of a writ order nullifying the Extraordinary Gazette Notification issued by the Governor of the Central Bank of Sri Lanka ordering the conversion of foreign currency received through bank accounts into Sri Lankan rupees. The petition […] ....

Sri Lanka , Sri Lankan , Basil Rajapaksa , Saliya Peiris , Anura Maddegoda , Foreign Exchange , Bar Association Of Sri Lanka , Governor Of The Central Bank , Petitioner Association , Bar Association , Extraordinary Gazette Notification , Central Bank , Counsel Anura Maddegoda , Deputy President , Central Bank Ajith Nivard Cabraal , Monetary Board , Finance Basil Rajapaksa , Attorney General , Export Proceeds , Sri Lanka Rules ,

Repatriation of Export Proceeds into Sri Lanka Rules No. 5 of 2021 issued under the provisions of the Monetary Law Act, No. 58 of 1949 (MLA) as published in the Gazette Extraordinary Notification No. 2251/42 dated 28 October 2021

Repatriation of Export Proceeds into Sri Lanka Rules No. 5 of 2021 issued under the provisions of the Monetary Law Act, No. 58 of 1949 (MLA) as published in the Gazette Extraordinary Notification No. 2251/42 dated 28 October 2021
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Sri Lanka , Sri Lankans , Central Bank , Frequently Asked Questions , Export Proceeds , Sri Lanka Rules , Monetary Law Act , Gazette Extraordinary Notification , Domestic Banking Unit , Offshore Banking Unit , Licensed Banks , Worker Remittances , Gazette Notification , Sri Lanka Rupees ,