Harsha: No one in Sri Lanka able to meet 100% cash margin

Hasitha22

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  • Aug 28, 2021
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    Opposition Lawmaker Dr. Harsha De Silva said there is no one in Sri Lanka who is able to meet the Central Banks 100% cash margin requirement for imports.


    The MP representing the Samagi Jana Balavegaya told reporters that at present even commercial banks do not release USD 1,000 for locals as the economy is not in a good position.


    He said while banks are not prepared to release dollars, sellers in Wellawatte and Pettah sell dollars at high prices. (news1st)


    https://www.newsfirst.lk/2021/09/09/no-one-in-sri-lanka-able-to-meet-100-cash-margin-harsha/
     

    iworld

    Well-known member
  • Sep 8, 2007
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    චී ලංකාව
    Opposition Lawmaker Dr. Harsha De Silva said there is no one in Sri Lanka who is able to meet the Central Banks 100% cash margin requirement for imports.


    The MP representing the Samagi Jana Balavegaya told reporters that at present even commercial banks do not release USD 1,000 for locals as the economy is not in a good position.


    He said while banks are not prepared to release dollars, sellers in Wellawatte and Pettah sell dollars at high prices. (news1st)


    https://www.newsfirst.lk/2021/09/09/no-one-in-sri-lanka-able-to-meet-100-cash-margin-harsha/
    Yeah it’s true. Government wants to indirectly ban the items. That’s why they have imposed these restrictions.
     
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