Reply To:
Name - Reply Comment
Last Updated : 2024-04-19 06:03:00
Prime Minister Mahinda Rajapaksa issued an extraordinary gazette last evening suspending payments through Outward Investment Accounts (OIA) for overseas investments by Sri Lankans for a period of three months.
This gazette notification comes after the Sri Lankan Rupee depreciated further against the US dollar with the selling rate of dollar closing at Rs.199.40. Sri Lankan Rupee has been depreciating against the US dollar during the past two weeks.
OIA is a special account designated for those resident in Sri Lanka to channel funds abroad for eligible overseas investments such as investment in shares, units, debt securities, sovereign bonds and establishing of overseas company of a company incorporated in Sri Lanka. Licensed commercial banks are permitted to open and maintain OIA in the name of resident investors in the domestic banking unit of a licensed commercial bank in any designated foreign currency subject to terms and conditions stipulated in Sri Lankan
currency laws.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
A recent post on social media revealed that three purple-faced langurs near t
10 Apr 2024
09 Apr 2024