August 27, 2023 | Finance
The Central Bank of Sri Lanka on 2nd April 2020, and following that, time to time, took measures to restrict outward remittances with the view of preserving foreign currency in Sri Lanka. By way of Extra Ordinary Gazette No. 2338/40 dated 28th June 2023, the...
January 11, 2023 | Finance
As per the Direction No.1 of 2023 dated 27th February 2023 issued by the Department of Foreign Exchange, Sri Lanka, Authorized Dealers are issued with directions in respect of Special Foreign Currency Accounts for investees to facilitate Current Transactions (SFCA...
November 15, 2022 | Finance
Background On 26 October 2002, the Monetary Authority of Singapore (“MAS”), Singapore’s Financial Services Regulator and Central Bank, issued a Consultation Paper on “Proposed Regulatory Measures for Digital Payment Token Services” (“Consultation Paper”). MAS is of...
