Expatriates were complaining on social media for not being able to transfer funds to countries including India and the UK. We are returning to live in the UK but cannot take any assets with us.”Another individual stated : “You cannot send money out of Sri Lanka. Continued attempts made by The Morning Business to determine the reason behind this issue proved futile as Central Bank of Sri Lanka (CBSL) officials and Governor Ajith Nivard Cabraal were unreachable throughout the day, yesterday (21). Moreover, within the next two to three months alone, $ 1.5 billion in foreign debt needs to be repaid, reducing reserves to $ 2 billion. Therefore, these pressures would point to the further extension of such restrictions on outward remittance on the capital transactions and the introduction of further additional restrictions.

Source: The Nation September 21, 2021 18:45 UTC