Sri Lanka c bank to slowly lift forex restrictions

SRI LANKA - Sri Lanka's central bank said 30 July it will gradually lift several restrictions on the foreign exchange market that were imposed when the rupee was floated in January.

Uthum Herat, a senior official at the bank's research department, told a seminar that "the bank is committed towards easing these regulations gradually."

However, he didn't specify a timeframe.

Following a series of defacto devaluations of the local currency since June last year, the central bank floated the rupee 23