Tuesday, 2 May 2017
The Central Bank implements ECA as the agent of the Government and for that purpose has to create a separate department called the Exchange Control Department
Exchange controls to fight a war
In Part I of this series (available at: http://www.ft.lk/article/610886/Reform-of-exchange-controls--There-is-a-need--but-do-it-correctly-%E2%80%93-Part-I), it was presented that Sri Lanka which had enjoyed a control free environment from time immemorial had clamped exchange controls on its citizens in 1939.
In Part I of this series (available at: http://www.ft.lk/article/610886/Reform-of-exchange-controls--There-is-a-need--but-do-it-correctly-%E2%80%93-Part-I), it was presented that Sri Lanka which had enjoyed a control free environment from time immemorial had clamped exchange controls on its citizens in 1939.
