Srilanka, June 19 -- In a move to strengthen the monitoring of foreign exchange leaving the country, the Government of Sri Lanka has introduced strict new regulations targeting outward remittances for import transactions.
The mandate was enacted under the Imports and Exports (Control) Act, No. 1 of 1969, through a Gazette Extraordinary issued by the Minister of Finance, Planning, and Economic Development, Anura Kumara Dissanayake.
Key Regulatory Changes
As detailed in the official gazette, the Imports and Exports (Control) Regulations No. 06 of 2026 introduce several major operational overhauls for commercial banks and traders:
Mandatory Registration for Advance Payments: Importers must now be officially registered with the Sri Lanka Cus...