Sri Lanka extends freeze on outward capital transactions by 6 months

12:58 am Tuesday, June 13th, 2023

COLOMBO (Reuters) – Sri Lanka’s government has decided to extend a restriction on outward capital transactions by six months due to pressure on its limited foreign exchange reserves, cabinet spokesperson Bandula Gunawardena said on Tuesday.

The decision will be revisited after debt talks are finalised in September, added Gunawardena, who is also the transport minister of the island country.

(Reporting by Uditha Jayasinghe; writing by Sudipto ganguly; Editing by Kim Coghill)

4 hours ago

Russia’s inflation reaches 9.5% this year, weekly data shows

7 hours ago

Taiwan blocks Uber’s $950 million Foodpanda deal over competition concerns

8 hours ago

Russia is using bitcoin in foreign trade, finance minister says