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07 February 2016


SRI LANKA CENTRAL BANK LIBERALIZES FOREIGN CURRENCY ACCOUNTS

The Central Bank of Sri Lanka (CBSL) announces that the restrictions on remitting and transacting foreign currencies have been eased with the immediate effect.
"Foreign currencies can henceforth be remitted out of NRFC, RFC and RNNFC accounts and FEEA for any purpose and prior approval need NOT be obtained for such remittances", statement from CBSL said.
 Up to USD 10,000 or its equivalent can be withdrawn in cash from such accounts for any purpose.
Earlier money withdrawals were allowed for certain purposes like to meet education or medical expenses

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