Last Updated : 2019-01-22 16:20:44

Apps Advertising Home Delivery Feedback

Exchange Control Amendment Bill: Speaker receives 3 petitions filed in SC

29 April 2017 07:51 pm - 0     - {{hitsCtrl.values.hits}}


Speaker Karu Jayasuriya yesterday announced that he received copies of three petitions filed in the Supreme Courts challenging the constitutionality of the Exchange Control Amendment Bill.

This Bill which seeks to repeal the present Act was presented to the House on April 7 this year.

This legislation seeks to repeal the Act and introduce fresh provisions giving the responsibility of promoting and regulating foreign exchange as the agent of the government.
Under this new Bill a person who holds foreign exchange in a bank account in Sri Lanka or owns any other foreign asset may utilize such foreign exchange for making any payment within and outside Sri Lanka.

In the case he or she does not hold foreign exchange it would be possible to convert these assets into foreign currency. (Yohan Perera and Ajith Siriwardana)

  Comments - 0

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

Singling out of Rishad Bathiudeen as a political target

The orchestrated political campaign by the Mahinda Rajapaksa-led opposition i

TWISTS AND TURNS in the Dr. Shafi controversy

The sterilization charges against Dr. Seigu Shihabdeen Mohamed Shafi from the

Islamic State in Iraq and Syria (ISIS) An in-depth look at ISIS

As the people and Government of Sri Lanka reel with shock and grief in the wa

Mahela declines to be part of Sri Lankan team Management at cricket World Cup

Weeks after guiding Mumbai Indians to their fourth IPL title--his second in t