Introduction

Restricted Dealers are deal in foreign exchange in terms of the provisions of Section 4(2)(a) & 4(2)(b) of the Foreign Exchange Act (FEA) No. 12 of 2017 subject to the provisions of Section 9 of FEA subject to certain terms and conditions.

Restricted Dealers are permitted to:

  • Purchase foreign currency against Sri Lanka rupees
  • Encash Traveller’s Cheques
  • Exchange foreign currency for any other foreign currency (except hotels) and
  • Only selected Restricted Dealers can engage I selling foreign currency against Sri Lanka rupees