ANNOUNCEMENT 22 Nov 2010

In November 2010, the government of Sri Lanka announced a change in import formalities.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 22 Nov 2010 | Removal date: open ended
Still in force

Import-related non-tariff measure, nes

 On 22 November 2010, the Central Bank of Sri Lanka decided to extend the foreign currency account facility to importers of gem and/or jewelry. This facility was earlier available only to direct and indirect exporters of these items.
 
The foreign currency account facility permits a non-chequable savings or fixed deposit account and allows certain domestic and international foreign currency transactions.

AFFECTED SECTORS

 

AFFECTED PRODUCTS