Press briefing of Cabinet Decision taken on 2023-06-12

The Order under section 22 of the Foreign Exchange Act, No.12 of 2017

- The Minister of Finance, Economic Stabilization and National Policies has issued Orders from time to time under the Foreign Exchange Act, No.12 of 2017 temporarily suspending/limiting outward remittances related to certain capital transactions and current transfers with effect from April 2020, as per the recommendation of the Central Bank of Sri Lanka. Accordingly, the Order which was last issued on 2022‑12‑22 in that regard is to be expired on 2023‑06‑30. Therefore, the proposal made by the Hon. President in his capacity as the Minister of Finance, Economic Stabilization and National Policies, to publish an Order under the provisions of section 22 of the Foreign Exchange Act No. 12 of 2017, to extend the said Order for a further period of 06 months as per the recommendation of the Monetary Board of the Central Bank of Sri Lanka, in the Government Gazette and thereafter, present the same in Parliament for approval, was approved by the Cabinet.