Tag: Sri Lanka Cabinet Approves New Foreign Exchange Rules; Reinstates Employee Stock Scheme Investments

The Cabinet of Ministers has approved new foreign exchange rules that both extend existing restrictions and lift some limitations, including the reinstatement of employee investments in stock schemes, effective December 28, 2023. This comes as the current rules, implemented under Section 22 of the Foreign Exchange Act No.12 of 2017 in April 2020, are set […]