Sri Lanka, June 18 -- The National Chamber of Exporters of Sri Lanka (NCE) has raised concerns over the lack of industry consultation prior to the recently introduced regulations that significantly shorten the period available for exporters to retain foreign currency earnings.

The concern follows the issuance of a Gazette Extraordinary by the Central Bank of Sri Lanka, which requires exporters to convert foreign currency proceeds held in designated accounts by the tenth day of the following month, a considerably shorter timeframe. While exporters remain committed to complying with existing requirements to repatriate export proceeds to Sri Lanka, NCE members have questioned why a policy with direct implications for the export sector was i...