SC says Forex Bill not inconsistent with Constitution

3 May 2017 02:50 pm - 1     - {{hitsCtrl.values.hits}}

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Speaker Karu Jayasuriya told Parliament today that the Supreme Court had held the Exchange Control Amendment Bill to be consistent with the Constitution of Sri Lanka.

He said the Supreme Court had recommended the rectification of some minor shortcomings.

Meanwhile, three petitions had been filed in the Supreme Court against the Bill.

The Bill sought to name the Central Bank as the agent of exchange control and to allow a person to use his or her foreign assets to pay for any transaction in or outside Sri Lanka.(Yohan Perera and Ajith Siriwardana)

  Comments - 1

  • Shelly. Wednesday, 03 May 2017 07:17 PM

    A ruiling Bandula and Dinesh never expected. We saw the body language of the two when they came out of courts the other day. via DM Android App


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