Mmastodon BusinessFinance first seen 1 d ago, last 34 min ago, peak #1

Sri Lanka investment appetite blocked by capital transfer barriers

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 only thing stopping them from putting money into Sri Lanka is the requirement to transfer funds to a local bank or brokerage, recalling a past bad experience of needing government permission to withdraw their money. They say they would invest immediately if a US-based fund offered exposure to Sri Lankan assets instead.

Why now: Sri Lanka's capital controls and economic recovery are making foreign investors weigh the risks of moving money into the country.

Sri Lanka

Open on mastodon →

Rank over time, top of the chart is #1. 18 snapshots from 23 h ago to 34 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

API: https://socialmediatrends-api.osmike.com/v1/trends/892304