Controller of Exchange debars trouncing of foreign Exchange By Sunil Thenabadu Sri Lankan Foreign exchange racketeers are rampant to find any loop holes in the Exchange Controller regulations to navigate over any such flaws.The related authorities of the Exchange Controller unit at Central Bank of Sri Lanka have been successful in impeding the colossal loss of foreign exchange by the acts of our Sri Lankan community scattered all over the globe. This practice of drawing foreign currency via ATM cards by Sri Lankan migrants and international students have been curbed by bringing in stringent techniques preventing the withdrawal of the respective foreign currencies of their choice. This has been made possible through the amended act no 12 0f 2017 introduced two years ago. The Controller of Exchange has instructed all commercial banks to classify all accounts maintained by migrants and international students as CTRA( Capital Transaction Rupee Account) preventing the ...