Sri Lanka - Foreign Exchange Controls Sri Lanka - Foreign Exchange
If a project receives BOI approval, the project generally avoids capital controls.
In times of balance of payments difficulties, however, the government tends to impose controls on foreign exchange transactions involving the current account. In April 2016, Sri Lanka imposed a repatriation requirement for export proceeds in the face of substantial balance of payment pressures. The Central Bank has introduced an export proceeds monitoring system as well. All exporters are required to provide details regarding export proceeds to the Central Bank on a quarterly basis.
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