Sat, 24 Jul 2021 Today's Paper

Govt. to relax exchange control regulations

13 December 2016 09:16 am - 3     - {{hitsCtrl.values.hits}}

A A A

The Government will introduce new legislation, by end January next year, relaxing the  strictures placed on exchange control, Finance Minister Ravi  Karunanayake said yesterday.   

It was one of the Budget proposals.  

When asked about the progress made, he said the Legal Draftsman’s Department was in the process of preparing the necessary legislation.   

Currently, the Central Bank controls the exchange  rates but with the new legislation it would be the market which would determine the rates. (Kelum Bandara)

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 3

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  • Indika Tuesday, 13 December 2016 12:37 PM

    Here we go.It seems the so called economic osthars have finished selling all Central Bank's usds to keep lkr stable.Now expect 180~200lkrs for a usd by the end of 2017.rest in peace Sri lanka

    Nish Tuesday, 13 December 2016 01:00 PM

    And then money launder all the ill gotten wealth. We will suffer.

    B S Perera Tuesday, 13 December 2016 02:27 PM

    Minister is very silent about TWICE promised Senior Citizens' FD interest rates -SHAME !


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


Basil Rajapaksa’s catch 22 situation

Sri Lankan politics has been a good deal of family business. It was not even

“This govt. printed Rs. 880 billions”

This is the roadmap of Zimbabwe

“We are on the cusp of a mothers-led movement for better birth rights in Sri Lanka” – Kanya D’Almeida

Writer Kanya D’Almeida became the first Sri Lankan to win the ‘Commonweal

Two diametrically opposite shows in a military regime

On July 8 (Thursday) we saw diametrically opposite results because the securi



See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.