Sri Lanka extended restrictions on outward remittances by six months to manage foreign exchange reserves, cabinet spokesperson and transport minister Bandula Gunawardane told reporters at a weekly cabinet briefing on Tuesday.

The nation's central bank suspended permission to remit funds for overseas investments by Sri Lankan residents from mid-2020 except under certain conditions. The restrictions would be further extended for six months from Dec. 28. (Reporting by Uditha Jayasinghe; Writing by Kanjyik Ghosh; Editing by Shri Navaratnam)