APB recently organised an evening seminar on liberalisation of foreign exchange transactions based on the recently issued Foreign Exchange Act No. 12 of 2017.
The main speaker was Udeani P. Alawattage, Director of Department of Foreign Exchange, Central Bank of Sri Lanka.
During the seminar, the areas such as economic liberalisation, the objectives and way-forward under the new Foreign Exchange regime, determination of residential status of a person, export and import of foreign currency accounts, current transactions, capital transactions were discussed which was followed by a very interesting Q&A session.
The team of officers attached to the Department of Foreign Exchange participated in the panel discussion.