The new rules, which will take effect upon Parliamentary approval, further amend existing regulations on the repatriation of export earnings introduced in 2024 and 2026.
Under the revised framework, exporters must convert any remaining export proceeds into Sri Lankan Rupees by the 10th day of the following month after completing authorised payments. These include export-related current transactions, loan repayments, dividends to non-resident investors, salaries of expatriate employees, travel expenses, and investments of up to 10 percent in government foreign currency debt securities.
The rules also require indirect exporters earning foreign currency to convert residual balances into Sri Lankan Rupees within the same timeframe after making permitted payments.
