Sri Lanka to Let Exporters Buy Dollar Bonds to Diversify Funding

The Sri Lankan rupee fell over 44% against the dollar in 2022 amid an unprecedented economic crisis. — The Sri Lankan rupee fell over 44% against the dollar in 2022 amid an unprecedented economic crisis.Photographer: Buddhika Weerasinghe/Bloomberg

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By Malavika Kaur Makol and Asantha Sirimanne

February 25, 2026 at 5:45 AM UTC

Sri Lanka plans to allow exporters to purchase locally issued dollar-denominated bonds, as authorities seek to diversify funding channels.

The cabinet has approved amendments to foreign exchange regulations, which will be submitted to parliament for approval, government spokesman Nalinda Jayatissa said on Tuesday.