Sri Lanka restricts capital outflows to preserve forex reserves – ZAWYA

Sri Lanka restricts capital outflows to preserve forex reserves – ZAWYA

sri lanka restricts capital outflows to preserve forex reserves regulations were decided by the finance ministry in consultation with the central bank    mumbai - sri lanka will restrict outward remittances to preserve its foreign currency reserves position due to the potential negative impact on the economy from the coronavirus pandemic.permission to remit funds for overseas investments by sri lankan residents will be suspended for six months from july 2, except under certain conditions, the central bank of sri lanka said in a statement.the changes to the regulations were decided by the finance ministry in consultation with the central bank.permission to remit funds for overseas investments by sri lankan residents will be suspended for six months from july 2, except under certain conditions, the central bank of sri lanka said in a statement.mumbai - sri lanka will restrict outward remittances to preserve its foreign currency reserves position due to the potential negative impact on the economy from the coronavirus pandemic.the changes to the regulations were decided by the finance ministry in consultation with the central bank.sri lanka's external debt payments between now and december amount to $3.2 billion. other costs could bring that up to $6.5 billion in the next