Opening of SDAs encouraged | Sunday Observer

Opening of SDAs encouraged

The Government introduced the Special Deposit Account (SDA) on? April 8. It has so far received USD 87 million (approx.).

The Government in consultation with the Monetary Board of the Central Bank of Sri Lanka has taken further measures to encourage opening of SDAs.Any person who has arrived in Sri Lanka from overseas on or after January 1 this year can open SDAs with any Authorised Dealer on or before October 7 this year out of foreign exchange legitimately acquired and brought into Sri Lanka by such person.

Further information on the above can be obtained by accessing the official website of the Department of Foreign Exchange of CBSL.