Srilanka, June 19 -- The Government of Sri Lanka has introduced a new set of regulations, effective from today (19), aimed at enhancing the monitoring and oversight of outward remittances associated with import transactions.



The measures were announced through a Gazette Extraordinary issued by the Ministry of Finance, Planning and Economic Development.



The regulations, promulgated by Finance Minister Anura Kumara Dissanayake under the Imports and Exports (Control) Act, amend the existing Special Import License and Payment Regulations of 2011.



The new measures are designed to improve transparency in import-related foreign exchange payments and enhance coordination between commercial banks and the Sri Lanka Customs Department....