Mmastodon BusinessFinance first seen 1 d ago, last 9 min ago, peak #1

Sri Lanka investment appeal held back by money transfer worries

Original: The only thing stopping me from investing in Sri Lanka is money must be transferred to a bank/brokerage in that country,

An investor says the main obstacle to putting money into Sri Lanka is the requirement to transfer funds to a local bank or brokerage, citing a past experience of needing government permission to withdraw money. They say they would invest immediately if a US-based fund offered exposure to Sri Lankan assets instead.

Why now: Sri Lanka's economic recovery and foreign investment prospects are drawing discussion about capital controls and investor confidence.

Sri Lanka

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Rank over time, top of the chart is #1. 9 snapshots from 11 h ago to 9 min ago.

Evidence

• The only thing stopping me from investing in Sri Lanka is money must be transferred to a bank/brokerage in that country, and I once had a bad experience with having to get government permission to withdraw my money. If a US-based fund invested in Sri Lanka, I'd be there.… · samanaalara · 2

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