National Chamber seminar on “Relaxation of Exchange Control Regulations”

Friday, 2 September 2011 02:47 - - {{hitsCtrl.values.hits}}

Import Export section of the National Chamber of Commerce of Sri Lanka will hold a seminar on “Relaxation of Foreign Exchange Regulations” on Thursday 8 September 2011 from 2.00 p.m. to 5.00 p.m. at the chamber Auditorium at No 450, D.R. Wijewardene Mawatha, Colombo -10.

As per the Central Bank sources, the government has relaxed exchange control regulations further thereby facilitating the industry to carry out their businesses in a more effective manner. This will also encourage more foreign Direct Investments into Sri Lanka. Under the new regulations, a number of measures to relax exchange control have been taken. Increasing the advance payment for imports from US$ 10,000 to US$ 50,000, permitting Sri Lankans to invest in equity in overseas companies, permitting gem and jewelry industry to open foreign currency accounts which are some of the new measures introduced.

Vipula Wickremarachchi, Senior Asst. Controller of Exchange, Central Bank of Sri Lanka will make a detailed presentation on

”Recent Relaxation of Foreign Exchange Regulations and Expected Impact on the Economy”. K. G. Weerakoon, Asst. Controller of Exchange, Central Bank of Sri Lanka and S. R. Balachandran, Council member of the National Chamber will join the Panel discussion.