Cabinet Spokesman Bandula Gunawardana today (6) said that Sri Lanka has decided to gradually relax some restrictions on changing rupees to foreign currencies for overseas remittances.
The revised guidelines will be submitted to parliament for approval, Minister Gunawardana added.
Starting in mid-2020, the Central Bank of Sri Lanka (CBSL) restricted the ability of Sri Lankan citizens to transmit money for investments abroad, unless specific requirements were met.
During the weekly cabinet briefing, Minister Gunawardana mentioned that “Sri Lanka’s reserves have gradually improved and limits will be increased under the guidance of the central bank.”
With depreciating currency, skyrocketing inflation, and limited foreign reserves, the nation of 22 million people is slowly regaining from the worst financial crisis in decades, the Minister noted.
As of the end of 2023, Sri Lanka’s official reserves were $4.4 billion, up 22%, according to the CBSL. A swap in Chinese yuan worth makes up about USD 1.5 billion of the reserves.
Police have arrested the suspect connected to the sexual assault on a female doctor at the Anuradhapura Teaching Hospital today morning in Galnewa.
The Government today tabled in the House the Report of the Commission to Inquiry into the Establishment and Maintenance of Unlawful Places of Detention and Torture Chambers in the Batalanda Housing Scheme.
Former President Ranil Wickremesinghe said today he wholly rejects the Batalanda Commission report and that it was appointed wholly with the intention slinging political mud at him.
Leader of the National People’s Party (NPP) and one time Propaganda Secretary of the JVP Wimal Weerawansa accused the Government of bringing back the “Batalanda Commission” for a media spectacle instead of a genuine concern for those who suffered during the 1988-1990 period.
Speaker (Dr.) Jagath Wickramaratne to announced to the Parliament regarding the vacant seat created in Parliament due to the resignation of Mohamed Sali Naleem from his position as a Member of Parliament.
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