28 C
Colombo
Thursday, May 30, 2024

Forex crisis: CBSL imposes 100% cash margin deposit requirement against several goods including underwear

- Advertisement -

The CBSL announced that a 100 per cent cash margin deposit requirement will be imposed against the importation of selected goods with immediate effect.

This requirement will be imposed against several non-essential items including mobile phones, digital camera, children’s clothing, underwear, cheese, butter, fruits and beverages, cosmetics etc.

This decision comes while Sri Lanka is suffering from a forex crisis. The CBSL said that this is an attempt to support the ongoing efforts to preserve the stability of the exchange rate and foreign currency, by discouraging excessive imports.

RECENT ARTICLES

Chinese traveler from Colombo found infected with COVID-19 on arrival at Shanghai

0
A Chinese national who arrived from Sri Lanka has been infected with COVID-19, Shanghai (China) Health Commission said on Thursday morning.  According to Chinese media,...

Another 160 Omicron cases detected in Sri Lanka

0
Another 160 cases of Omicron COVID variant have been recorded in Sri Lanka, Dr. Chandima Jeewandara from University of Sri Jayewardenepura said. According to Dr....

PM visits Tirupati

0
Prime Minister Mahinda Rajapaksa has left for India on a 2-day pilgrimage to the temple city of Tirupati today (23). He was accorded a warm...

POPULAR ARTICLES

KDU Lecturer arrested over Making False Statements on Sri Lankan IS Suspects

0
Dr. Punsara Amarasinghe, a lecturer at the Kotelawala Defence University (KDU), has been arrested by the Criminal Investigation Department (CID). He has been taken into...

Sumanthiran Condemns Proposal to Postpone Elections (Video)

0
Ilankai Tamil Arasu Katchi (ITAK) MP M.A. Sumanthiran PC, strongly criticized the proposal put forward by UNP General Secretary Palitha Range Bandara to postpone...

UNP Proposes to Postpone  Presidential, Parliamentary Polls by 2 Years

0
The United National Party (UNP) has proposed a referendum to delay both the presidential and parliamentary elections by two years, enabling President Ranil Wickremesinghe...