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.
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Anura Kumara Dissanayake is so far leading by securing (52.5%) while Sajith Premadasa secured (21.5 % ) and Ranil Wickremesinghe (19.2%) trailing behind. Meanwhile, independent candidate Ariyanethirnan Pakkiyaselvam secured the Nallur Electorate.
In a formal address, President Ranil Wickremesinghe acknowledged the people’s mandate in the 21st presidential election and announced the transition of leadership to President-elect Anura Kumara Dissanayake.
The Supreme Court has suspended the payment of Rs. 150 million to a construction company that was arranged unlawfully, allegedly under the instruction of Minister Bandula Gunawardhana.
Dr Nandika Sanath Kumanayaka has been appointed as the Secretary to the President.
Mr. K. Ananda Wijepala has been appointed as the private secretary to President Anura Kumara Dissanayake.
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