Restrictions imposed on vehicle imports will continue till the first six months of next year (2022), Central Bank Governor Ajith Nivard Cabraal said.
Mr. Cabraal told Timesonline that Sri Lanka’s foreign reserve situation will be monitored prior to looking into the possibility of allowing vehicle imports.
“Even if allowed, it will be category-wise. In order to permit all vehicle imports, the country needs to reach the five billion US dollar income generated from the tourism industry,” he said.
Earlier in the day, the Central Bank announced that Sri Lanka’s foreign reserves with expected foreign currency inflows has reached around US$3.1 billion, and is expected to remain at such levels by end of 2021.
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
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