2. Section 5 of the Exchange Control Act, herein-after referred to as the " principal Act ", is hereby amended by the repeal of subsection (1) of that section and the substitution therefor, of the following new subsection: -
| " (1) Except with the permission of the bank-
Provided that the preceding provisions of this subsection shall not prohibit the sale and purchase at any post office in Sri Lanka, in accordance with such directions as may be given by the bank in regard thereto, of any foreign currency in the form of postal orders or money orders,", | | (a) no person. other than an authorized dealer, shall in Sri Lanka buy, borrow or accept any gold or foreign currency from, or sell or lend any gold or [foreign; currency to, or exchange any foreign currency with, any person other than an authorized dealer, and | | |
| | (b) no person resident in Sri Lanka, other than an authorized dealer, shall, outside Sri Lanka, buy or borrow any gold or foreign currency from, or sell or lend any gold or foreign currency to, any person other than an authorized dealer: | | |
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Sri Lanka Consolidated Acts