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Saturday, March 5, 2011

Net foreign inflow of Rs. 51.8 b in 2010 says CB

Central Bank said yesterday that the country received net inflow of Rs. 51.8 billion in 2010 by way of foreign Investments in equity and capital market.

“In 2010, there was an inflow of funds amounting to Rs.215.9 bn (approximately US$ 1,910 mn) to these accounts and the outflow on account of repatriation of investments as well as dividends/income amounting to Rs.164.1 bn (approximately US$ 1,451 mn),” the Central Bank said.

“Accordingly, a net inflow of foreign investments of Rs. 51.8 bn. (approximately US$ 459 mn) was recorded in 2010,” the Bank added.

In terms of exchange control regulations, foreign investments into the equity and capital market in Sri Lanka are routed through Securities Investment Accounts (SIA), maintained in licensed commercial banks.

source - www.ft.lk