Sri Lanka Relaxes Some FX Controls to Spur Overseas Transactions

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Sri Lanka Relaxes Some FX Controls to Spur Overseas Transactions

Sri Lanka eased restrictions on the foreign-exchange market to allow companies and individuals to send more dollars abroad.Local companies would be al

Sri Lanka eased restrictions on the foreign-exchange market to allow companies and individuals to send more dollars abroad.

Local companies would be allowed to transfer as much as $100,000 to set up or expand an overseas business, effective for six months starting from June 28, the central bank said in a statement on its website late Monday.

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