Sri Lanka aims to relax FX controls ... but when?
Sri Lanka’s prime minister has announced plans to revise the law that restricts foreign exchange flows into and out of the country, but exporters are not holding their breath.
Sri Lanka could relax foreign exchange (FX) controls as soon as this year, thanks to $12 billion worth of borrowing it has lined up from other nations to aid its balance of payment (BoP) woes, according to Prime Minister Ranil Wickremesinghe.
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