New Order issued relaxing certain limitations imposed on outward remittances of foreign exchange

New Order issued relaxing certain limitations imposed on outward remittances of foreign exchange

With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency reserve position of the country, the Minister of Finance has issued Orders under Section 22 of the Foreign Exchange Act, No. 12 of 2017 (FEA) since 02.04.2020, to temporarily suspend/limit certain […]