Repatriation and Conversion of Export Proceeds: Why are these measures needed?

On 18 February 2021, the Monetary Board issued Rules in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lanka rupees, and also issued Operating Instructions to Licensed Banks on the same. The above Rules and Operating Instructions, which would supplement the repatriation requirement already in place, were issued

Lanka needs to improve “Doing Business Ranking” – IASL

Sri Lanka need to increase its Foreign Direct Investments (FDI's) ratio against the GDP and to achieve this the country should improve the, "Doing Business Ranking." Nilam Jayasinghe, Chairman Industrial Association of Sri Lanka( IASL) said in 2010 Foreign Direct Investments (FDI's) were USD 516 mn, but has steadily grown to USD 1.68 billion

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