Sri Lankan Government yesterday announced that it will ban import of several categories of goods to safeguard country’s foreign currency reserves.
According to the latest Central Bank annual report Sri Lanka has imported goods spending US$ 19,937 million in 2019.
19.5% of the entire imports were spent on Fuel. 14% Textile and Textile articles. 7.2% of the imports were on Food and beverages while 4.1% of the imports were personal vehicles.
#SriLanka bans the import of several categories of goods to safeguard foreign currency reserves. Sri Lanka has spent an avg. $900 Mn annually for importing vehicles, avg. $100 Mn home appliances – Radio & TV. $350Mn – Wheat and Maize, $250 Mn -Fertilisers.https://t.co/jgqDEWdgFT pic.twitter.com/6fzwLFeUJA
— Sanjeewa Dayarathne (@DayarathneSa) May 15, 2020
Central Bank Report 👇
