A special gazette notification has been issued to restrict the flow of foreign currency out of the country.
The relevant gazette notification has been issued with the signature of Prime Minister Mahinda Rajapaksa.
Accordingly, remittances from an asset in Sri Lanka and funds received by an emigrant as cash prizes under the Migration Allowance, have been suspended.
It also limits the repatriation of emigrant funds to a maximum of US $ 10,000 or its equivalent, while the general immigration allowance for migrants is limited to a maximum of US $ 30,000 or the equivalent at the relevant time.
The relevant gazette notification has taken steps to subject the repatriation of migrant provident funds, pensions or such benefits to a maximum of US $ 30,000 or equivalent.
The issuance of reciprocal remittances or foreign exchange for Sri Lankans who have obtained residence or temporary residence visas in a country other than Sri Lanka is limited to a maximum of US $ 20,000.
Gazette notification issued, outflow of forex restricted
02 Jul 2021
Gazette notification issued, outflow of forex restricted
02 Jul 2021
Kapruka
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!