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Import restrictions on 800 more items to be lifted by December, vehicle import ban to continue
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<blockquote data-quote="warwickuni" data-source="post: 28956782" data-attributes="member: 101444"><p>"The Central Bank of Sri Lanka wishes to inform the general public that the measures being taken at present will ensure that by end of 2021 official reserves will remain above US dollars 3 billion. Despite the headwinds of the economic impact of COVID-19 and challenges posed by adverse developments in the external sector, the Sri Lankan economy showed resilience throughout 2021. Also, Sri Lanka successfully met its debt obligations by repaying foreign loans, including the payments of the International Sovereign Bonds. Since the beginning of the year both the Central Bank and the Government have been actively pursuing possible avenues to replenish official reserves, with an emphasis on encouraging non-debt flows, so that the existing foreign debt could be managed in a sustainable manner" CBSL Dec 21 -https://www.cbsl.gov.lk/en/news/expected-foreign-exchange-inflows-and-official-reserve-position</p><p></p><p>GR had more than 6billion USD reserve 2019.What happened and Cbsl's reaction is history now! but can be repeated as govt as well as Cbsl is the same heads (except GR-Cabral, PB are replaced by RW-Nandalal).</p><p>at this moment priority is not to import vehicles and this list, but to find a long term solution to debt and short term restructure with hair cut. China is the stumbling block. </p><p>we are still a bankrupt nation and long way from out of the woods.</p></blockquote><p></p>
[QUOTE="warwickuni, post: 28956782, member: 101444"] "The Central Bank of Sri Lanka wishes to inform the general public that the measures being taken at present will ensure that by end of 2021 official reserves will remain above US dollars 3 billion. Despite the headwinds of the economic impact of COVID-19 and challenges posed by adverse developments in the external sector, the Sri Lankan economy showed resilience throughout 2021. Also, Sri Lanka successfully met its debt obligations by repaying foreign loans, including the payments of the International Sovereign Bonds. Since the beginning of the year both the Central Bank and the Government have been actively pursuing possible avenues to replenish official reserves, with an emphasis on encouraging non-debt flows, so that the existing foreign debt could be managed in a sustainable manner" CBSL Dec 21 -https://www.cbsl.gov.lk/en/news/expected-foreign-exchange-inflows-and-official-reserve-position GR had more than 6billion USD reserve 2019.What happened and Cbsl's reaction is history now! but can be repeated as govt as well as Cbsl is the same heads (except GR-Cabral, PB are replaced by RW-Nandalal). at this moment priority is not to import vehicles and this list, but to find a long term solution to debt and short term restructure with hair cut. China is the stumbling block. we are still a bankrupt nation and long way from out of the woods. [/QUOTE]
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