To safeguard foreign exchange reserves, the Central Bank of Sri Lanka (CBSL) has implemented temporary capital transfer measures and restrictions under the Foreign Exchange Act. 

Since April 2020, regulations have been updated periodically. With current rules set to expire on 19 December, 2024, CBSL plans to revise and extend them until June 2025. 

The Cabinet has approved a new six-month regulatory framework, effective 20 December, 2024.