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Exchange+Control+regulations+to+be+abolished.
Monday, 27 October 2014 - 8:40
Exchange Control regulations to be abolished.
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The Deputy Governor of the Central Bank, P. Samarasiri says that Sri Lanka has removed most of the Exchange Control regulations that stunted the country's economy and in the next 4 to 5 years, the remaining Exchange Control measures will be abolished facilitating business and trade.

He said that Exchange Control originated during the Second World War as a measure taken by governments to protect foreign exchange in their countries.

However, after the war on terrorism ended, most countries removed exchange controls and opened their doors to global business and trade.
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