IIA is an account introduced for channelling inward remittances in respect of permitted capital transactions in Sri Lanka by non-resident investors and repatriation of any return of such investments. Authorized dealers are permitted to open and maintain IIAs subject to the Directions No. 15 of 2021 issued under the provisions of Foreign Exchange Act, No. 12 of 2017.

OIA is an account introduced for channelling outward remittances in respect of permitted capital transactions outside Sri Lanka by resident persons and receipt of any return of such investments into Sri Lanka. Authorized dealers are permitted to open and maintain OIAs subject to the Directions No. 14 of 2021 issued under the provisions of Foreign Exchange Act, No. 12 of 2017.

ECBA is an account introduced to facilitate resident persons who borrow from overseas under the Regulations No. 2 of 2021, to route the loan proceeds into Sri Lanka and make the repayments of the same. Authorized dealers are permitted to open and maintain ECBAs subject to the Directions No. 19 of 2021 issued under the provisions of Foreign Exchange Act, No. 12 of 2017.

CTRA is an account introduced to facilitate emigrants, non-nationals resident in or outside Sri Lanka, Sri Lankan individual persons who has obtained TR visa of another country and Sri Lankan individual who is a prospective migrant under the parent migration scheme, to claim their eligible migration allowance and other eligible allowances. Authorized dealers are permitted to open and maintain CTRAs subject to the Directions No. 16 of 2021 issued under the provisions of Foreign Exchange Act, No. 12 of 2017.

NRRA is a Sri Lanka Rupee account introduced for,

1. emigrants to facilitate local transactions and permitted investments in Sri Lanka out of their rupee generated income or capital proceeds.
2. firms and companies outside Sri Lanka, to repatriate their local income derived from current transactions or to repatriate the proceeds of investments made in Sri Lanka for which the inward remittances brought into the country could not be proved.

Authorized dealers are permitted to open and maintain NRRAs subject to the Directions No. 18 of 2021 issued under the provisions of Foreign Exchange Act, No. 12 of 2017.

An account introduced for the purpose of repatriation of current income derived in Sri Lanka by an emigrant, only if there is a regulatory requirement in the country where the emigrant is residing permanently, to identify the current income globally derived by such emigrant.

Authorized dealers are permitted to open and maintain ERIAs subject to the Directions No. 17 of 2021 issued under the provisions of Foreign Exchange Act, No. 12 of 2017.

SDA is a special account introduced for attracting fresh foreign exchange inflows to the country, with the objective of strength the reserves of the country which has been negatively impacted during the pandemic.

Authorized dealers are permitted to open and maintain SDAs subject to the Directions No. 21 of 2021 issued under the provisions of Foreign Exchange Act, No. 12 of 2017.

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