US bans more Russian trade. G7 pledges to close national-level loopholes that could enable sanctions evasion via crypto-assets, among other commitments.
March 14, 2022Sri Lanka's official exchange rate has been effectively pegged to the USD since April 2021. The IMF called for a return to a market-determined and flexible exchange rate.
March 11, 2022The trading suspension is a response to rising food inflation. Observers expect the move to impact market confidence and make hedging more difficult.
December 22, 2021Phase 1 connectivity supported exports to Hong Kong and imports from the Mainland, while phase 2 will cover exports to the Mainland and imports from Hong Kong.
November 10, 2021Sri Lanka has imposed import restrictions to limit foreign currency outflows, while also borrowing more internationally to bolster its reserves.
September 13, 2021Banks can sell FX without prior BSP approval if they will be used for activities such as online e-commerce payments, certain imports of goods, and fee payments.
August 22, 2021A new Finance Ministry order makes incorrect declaration on exports, imports and investment abroad a jailable offence.
March 23, 2021