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May 20, 2017

New act to allow unlimited inflow of foreign currency Featured

A new foreign exchange act to enable an unlimited inflow of foreign currency is to be tabled before parliament on May 23, reports say.

It will allow a Sri Lankan or a foreigner to bring in foreign country without any restriction.

Furthermore, the foreign currency brought in will not be examined.

However, there may be certain conditions attached.

The act will not allow an unlimited outflow of foreign currency from the country.

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