Course Overview

Course Contents

• Overview of Foreign Exchange Act No 12 of 2017
• Basic Concepts on Foreign Exchange Transactions
  • Residency
  • Nature of Transactions
  • Export or import of any foreign currency or Sri Lanka currency
  • Hold foreign exchange
• Regulations related to Current transactions
• Regulations related to Capital transactions
• The role of banks in facilitating foreign exchange transactions
• Importance of Nostro and Vostro accounts and their role in Forex
• Opening and maintaining of foreign currency accounts and their operations
• International payment methods and their operations including documents involved
• Risks in International Trade and the mitigating factors.