Saturday Feb 28, 2026
Saturday Feb 28, 2026
Friday, 27 February 2026 00:20 - - {{hitsCtrl.values.hits}}
The Government has declared the ‘Regulations to Repatriation of Export Proceeds into Sri Lanka Rules No. 01 of 2026’ through Extraordinary Gazette No. 2473/30, following Cabinet approval on Monday to present the regulations to Parliament for concurrence.
The move aims to facilitate greater participation of exporters in local foreign-denominated investment instruments.
On 13 October 2025, the Cabinet of Ministers approved issuing local loan instruments denominated in foreign exchange through commercial banks. The first issuance of these Bonds was carried out on 10 December 2025.
However, due to restrictions under rules and instructions issued by the Department of Foreign Exchange of the Central Bank of Sri Lanka (CBSL), the initial issuance was limited to incorporated commercial banks. The updated regulations amend the previous Rules No. 01 of 2024, under the CBSL Act, No. 16 of 2023, to broaden access and encourage exporters to invest in local Dollar Bonds.
Addressing the weekly post-Cabinet meeting media briefing on Tuesday, Cabinet Spokesman and Minister Dr. Nalinda Jayatissa highlighted that the amendment will increase demand and ensure competitive pricing, allowing exporters to channel their repatriated foreign exchange into domestic investment instruments. “The reform is expected to expand the local Dollar Bond market and strengthen the classification of foreign exchange sources, contributing to economic stability and investment growth in the country,” he added.
