The minister of finance has issued orders to temporarily suspend or limit certain outward remittances of foreign exchange.

It has been done with the recommendation of the monetary board of the Central Bank (CBSL) and approval of the cabinet, said the CBSL in a statement.

The order has relaxed certain limitations on outward remittances for capital transactions and removed the restrictions on current transfers of emigrants.

It is effective for six months from 28 June.

 

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