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Vehicle Imports to be reviewed end of the year - CBSL clarifies conversion of export proceeds


Thursday, 25 February 2021 - 20:04
State Minister Ajith Nivard Cabraal states that a follow up and review will be carried out at the end of this year regarding the resumption of vehicle imports.
He stated this at a media briefing held at the Ministry of Finance today. Attygalle also commented.
Meanwhile CBSL stated the reasons for the Repatriation and Conversion of Export Proceeds stating why were these measures needed?
On 18 February 2021, the Monetary Board issued Rules in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lanka rupees, and also issued Operating Instructions to Licensed Banks on the same.

Sri-lanka , Sri-lankan , Ajith-nivard-cabraal , Central-bank , State-minister-ajith-nivard-cabraal , Export-proceeds , Monetary-board , Operating-instructions , Licensed-banks , Sri-lanka-rupees , Vehicle , Import