Commerce de forex légal à sri lanka


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Hence, Samarasiri said these provisions are a clear risk, which keeps the potential foreign investors away from Sri Lanka due to fear of subsequent revocation of foreign exchange rules that prohibit the repatriation of profits.

But the new foreign exchange management law will liberalize all the current account transactions by law, sending a clear message to the global investor community that movement of foreign exchange could not be revoked later by any party. While there will be further relaxation in controls, Dr. But for that we need more of a cushion in terms of reserves, etc. However, he said empirical evidence had suggested that more liberalization in the capital account had resulted in more inflows as the people build confidence of the ability to take money out of the country of what they bring in.

If people know that they can take their money out, they are more liable to bring the money in. Speaking about the capital transactions under the new foreign exchange management law, Samarasiri said there would only be regulation from time to time with respect to movement of capital in the interest of the financial system stability at times of extreme volatility.

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