RegAlert

Rule · CBSL · 17 Apr 2019 · Banking Act Directions No. 1 of 2019

Measures to Curtail Imports of Motor Vehicles and Non-Essential Consumer Goods

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The Central Bank of Sri Lanka has withdrawn Banking Act Direction No. 7 of 2018, which previously mandated restrictions on motor vehicle and non-essential consumer goods imports. Effective 17 April 2019, this directive nullifies the October 2018 curtailment measures, allowing financial institutions to resume standard foreign exchange approvals for these imports. National Savings Bank is specifically notified to implement this change immediately, ensuring compliance across the banking sector's import financing operations.

Sri LankaCentral Bank of Sri Lanka

CENTRAL BANK OF SRI LANKA
BANK SUPERVISION DEPARTMENT

17 April 2019 | BANKING ACT DIRECTION | No. 01 of 2019

MEASURES TO CURTAIL IMPORTS OF MOTOR VEHICLES AND NON-ESSENTIAL CONSUMER GOODS

National Savings Bank is hereby informed that the Banking Act Directions No.7 of 2018 dated 12 October 2018 on Measures to Curtail Imports of Motor Vehicles and Non-Essential Consumer Goods are withdrawn with effect from the date of this Direction.

(Signature)

H A Karunaratne
Acting Senior Deputy Governor/Chief Executive Officer of the Central Bank of Sri Lanka

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Banking Act Directions No.7 of2018Not in RegAlertBanking Act Directions No.7 of 2018 — Not in RegAlertMeasures to Curtail Imports ofMotor Vehicles and Non-Essent…2019-04-17 · this documentMeasures to Curtail Imports of Motor Vehicles and Non-Essential Consumer Goods (2019-04-17)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Supersedes
  • Banking Act Directions No.7 of 2018Not in RegAlert

    “Banking Act Directions No.7 of 2018 dated 12 October 2018 on Measures to Curtail Imports of Motor Vehicles and Non-Essential Consumer Goods are withdrawn”

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