The exchange rate has recorded a depreciation of 6.7 percent against the US dollar thus far during the year. As of end June 2021, the gross official reserves were estimated at US dollars 4.0 billion excluding the bilateral currency swap facility with the People’s...
exporters will continue to possess the converted amount in Sri Lankan rupees, while being allowed to utilise the remaining 75 per cent of foreign exchange earnings to purchase imported inputs, to save in foreign currency or for further conversions, at their own free will....