The Hon. Mahinda Jayasinghe - Deputy Minister of Labour
Mahinda Jayasinghe supported the extension of Regulations under the Foreign Exchange Act, No. 12 of 2017, noting the Central Bank’s role in regulating foreign exchange. He said the six-month extension increases limits for payments through Foreign Currency Accounts from USD 200,000 to USD 500,000 and personal capital transactions through PFCA from USD 20,000 to USD 25,000. He framed the changes as part of a gradual expansion of the economy and increased opportunities for those earning foreign exchange.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Presiding Member, we are debating the Regulation under the Foreign Exchange Act, No. 12 of 2017, which vests responsibility for promoting and regulating foreign exchange with the Central Bank.
¶ 02 This Regulation, extended every six months since 2020, is again extended for another six months. It raises the ceiling for payments through Foreign Currency Accounts from USD 200,000 to USD 500,000, and increases personal capital transaction limits via PFCA from USD 20,000 to USD 25,000. Through this, we send a message to the world and to our citizens who earn foreign exchange that we are gradually expanding the economy and opening opportunities, taking the country forward.
Provenance
- Source
- Hansard, Tuesday, 3 March 2026 ·No. 23335 ·English daily/uncorrected Hansard
- Page · column
- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
- Permalink
/lk/speeches/14913
Cite as: The Hon. Mahinda Jayasinghe - Deputy Minister of Labour. 10th Parliament, Parliament of Sri Lanka. Hansard, 3 March 2026. No. 23335. Politick, https://staging.politick.io/lk/speeches/14913