All posts tagged: Foreign Exchange

Foreign-Exchange-Control-Law

Sri Lanka Enacts A New Foreign Exchange Control Law

The Sri Lankan Parliament recently enacted the Foreign Exchange Act (Act) which repealed the previous exchange control law that has been in place for decades. Summary of key provisions: Dealers of foreign exchange The Act recognises ‘Authorised Dealers’, ‘Restricted Dealers’ and ‘Dealers for a Specific Purpose’ as being permitted to deal in foreign exchange. Authorized