IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Mar 2017 | Removal date: open ended
Still in force

Controls on credit operations

On 7 March 2017, the Central Bank of Sri Lanka through Direction No. 1 of 2017 permitted dealer banks to issue loans to Sri Lankans living outside Sri Lanka, either on Permanent Residency (PR) status or with a dual citizenship, for purchase/construction/development/renovation of a residential property in Sri Lanka. The loans may be granted in Foreign Currency or in Sri Lankan Rupees.

AFFECTED COUNTRIES

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