The Cabinet of Ministers has taken two key decisions pertaining to the Foreign Exchange Act No. 12 of 2017.
Approval has been granted to enable domestic-controlled companies to obtain short-term foreign currency loans from foreign countries to finance payments for the import of raw materials.
The Cabinet has also granted approval to further extend the validity period of the order issued to suspend/ restrict the remittance of foreign exchange out of the country in respect of certain capital transactions.
Details of the Cabinet decisions are as follows:
(courtesy NewsWire)
