COVID-19 crisis triggers cry for forex flow | Daily FT

Central Bank, Treasury make joint appeal for foreign currency deposits from Sri Lankans living abroad and here, as well as charity organisations, well wishersAssure all forex remittances will be exempted from exchange control regulations and taxes, and protected under banking secrecy provisions3-month offer aimed at boosting reserves and economy to face COVID-19 challenge, ensure healthcare and social security to people of Sri LankaAnalysts say success of new initiative depends on assurance of no legal or Inland Revenue action later onUnder pressure from dwindling reserves, debt repayment and …

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