Harsha Questions Return of 'Crisis Era' Over Forced Export Conversion Rule 📈

• Context: Main Opposition MP Dr. Harsha de Silva has questioned the Central Bank of Sri Lanka’s (CBSL) latest regulation requiring exporters to convert residual foreign currency earnings into rupees by the 10th of the following month. • Economic Impact: He likened the move to emergency measures from the 2022–2024 economic crisis, warning it restricts economic freedom and makes investors "jittery." • Market Reaction: While acknowledging the rule temporarily strengthened the exchange rate to _Rs. 330_ due to forced conversions, he called the approach unsustainable and "anti-business friendly." • Key Demand: The MP urged the government to clarify if these "draconian" restrictions are temporary and provide a clear timeframe for their removal to maintain market confidence.