Central bank requests limiting of non-essential goods
The Central Bank of Sri Lanka has informed the Ministry of Finance to further restrict the import of non-essential goods as the foreign exchange crisis may worsen in the near future.
The Central Bank has informed that the import restriction should be done immediately as the impact on the country’s foreign reserves will further aggravate in the future.The Central Bank has informed that the import of non-essential goods should be strictly restricted as dollars are needed for the import of fuel, medicines and essential food items.
Accordingly, the Central Bank has also sent three lists of non-essential goods to the Ministry of Finance where importation should be restricted, and it is also reported that more than two thousand five hundred types of non-essential goods are included in it. Meanwhile, the Central Bank has also informed the Ministry of Finance to temporarily ban the import of goods under the open account system and cash payment after the sale of goods.
M