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Directions issued by the Dept. of Exchange Control, Central Bank
  1. Directions to the Authorized Dealers on 02 July 2008 - Sale of foreign exchange to Emigrants. Authorized dealers are granted permission to sell foreign exchange for outward remittance to emigrants up to a maximum value equivalent to US $ 150,000 per family or per individual not accompanying a family at the time of departure subject to the conditions cited.

  2. Directions to the Authorized dealers on 02 June 2008 - Foreign Investment Deposit Accounts(FIDA). Permission is granted to accept investments in deposits from persons resident outside Sri Lanka (Foreign citizens, Sri Lankans resident outside Sri Lanka,Corporate bodies incorporated outside Sri Lanka and foreign institutional investors) under the procedures given in the Directions. Minimum account balance to be maintained is US $ 10, 000 or equivalent in other designated foreign currency or Sri Lankan rupees and total liabilities on FIDAs of an authorized dealer should not exceed 20% of total liabilities of its Domestic Banking Unit (DBU).

  3. Directions to the Authorized dealers on 02 July 2008 - Non Resident Blocked Accounts. Authorized dealers are granted permission for outward remittance of the total balance standing to the credit of existing non resident blocked accounts as at 1 July 2008 to the account holders or their legitimate beneficiaries subject to the conditions cited on the Directions.


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