I have a friend who lives in Sri Lanka but is a foreigner. By regulation, he operates through a SIRA A/C which is an account where the foreign exchange he brings in can be converted into rupees and out of the account back in to foreign exchange whenever he wants it. Now his portfolio isn't big at all but...
1) He is a foreign investor?
2) when he buys, does that fall under foreign inflow?
Also, can foreign inflows not be any local fellows bringing washed money from abroad ? ...just curious about this?
Any help would be appreciated.