Cabinet Spokesman Minister Bandula Gunawardena said today that under the current foreign exchange crisis, import restrictions should be eased in a very planned and meticulous manner.
Joining today’s cabinet press conference, Minister Gunawardena said that he believes that it will not be possible to import motor vehicles etc. for some time.
He mentioned this at the time of informing the Cabinet decisions regarding the implementation of the plan for the revision of the currently imposed foreign exchange orders and the phased removal of foreign exchange restrictions.
“I think the Ministry of Finance has given permission to submit to the Parliament what regulations will be relaxed. As I mentioned earlier, under the current foreign exchange crisis, the import control rules are being relaxed phase by phase in a very planned and meticulous manner,” he said.
The Minister further said that the relevant institutions including the Central Bank of Sri Lanka have informed the Parliament that the restrictions will be eased step by step, and accordingly the approval of the Cabinet has been received.
The proposal approved by the Cabinet is shown below.
