Sri Lanka, June 18 -- The Committee on Public Finance (COPF) has reviewed a recent Central Bank of Sri Lanka directive that reduces the time allowed for exporters to convert their foreign exchange earnings into Sri Lankan rupees.

The issue was examined at a committee meeting held on June 9 chaired by Parliamentarian Harsha de Silva in the Parliament.

Central Bank officials explained that the measure was introduced in response to exchange rate fluctuations, foreign exchange market instability, and concerns over foreign currency liquidity shortages. They described it as a temporary policy designed to stabilise the rupee and improve the supply of foreign exchange, adding that the restriction would be eased once market conditions improve. ...