He said this during a debate in Parliament today on the gazette notification regarding regulations under the Foreign Exchange Act.

The Minister of State highlighted, in the wake of the Covid-19 pandemic and its impact, the inflow of foreign exchange into Sri Lanka has been reduced. He explained that various accounts were introduced for expatriates to obtain foreign exchange and that these acts would be introduced with regard to the interest rates paid on those accounts.

Mr. Cabraal further added that the government was able to bring foreign exchange to Sri Lanka through various methods such as Foreign Direct Investment and that the government was able to steer the country’s economy in a new direction by increasing the amount of foreign currency flowing into the country through Presidential Task Force.