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Friday, August 10 , 2012 - 5.25 GMT
CB further relaxes exchange control regulations


The Central Bank of Sri Lanka has further relaxed exchange control regulations in order to facilitate the transfer of funds between and among foreign currency accounts including foreign currency investments abroad.

The Bank has issued the necessary Direction to Authorized Dealers amending the Directions dated July 11, 2012 to clearly permit any outward remittance by Non-Resident Foreign Currency (NRFC) Account holders.

"Therefore, any concerns over the free transferability of NRFC funds should no longer arise," the Central Bank said in a statement.

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Last modified: August 10, 2012.

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