Payments through Outward Investment Accounts suspended

Tuesday, 7 April 2020

The Government has taken steps to suspend persons resident in Sri Lanka from making payments through Outward Investment Accounts for overseas investments for a period of three months.

Prime Minister and Minister of Finance Mahinda Rajapaksa issued an Extraordinary Gazette notice today in this regard.

The suspension will also affect the repatriation of funds under the migration allowance through Capital Transaction Rupee Accounts by migrants who have already claimed the migration allowance under the general permission granted by exchange control regulations