CBSL extends amnesty for handing over Dollars above limit

COLOMBO (News 1st); The Minister of Finance has issued an Order under Section 8 of the Foreign Exchange Act No. 12 of 2017 extending the amnesty period to handover accumulated foreign currency over the limit of 10,000 USD.

Accordingly, residents of Sri Lanka can deposit or sell the foreign currency in possession to an Authorized Dealer (A Licensed Commercial Bank or National Savings Bank) as specified in the Order, by another 14 working days up to 26th July.

Previously, CBSL imposed an order reducing the amount of foreign currency retained in possession by a resident of Sri Lanka from USD 15,000 to USD 10,000 or its equivalent in other foreign currencies.