The balance of payment between Sri Lanka’s export and import has not improved for the ban imposed on importations, including vehicles, to be relaxed at present, the Central Bank of Sri Lanka announced.
Governor of the Bank Professor W.D. Lakshman told reporters that the import on non-essential items will continue further.
He said Sri Lanka had incurred an expense of US$ 0.5 million for the import of private vehicles in December 2020, which is a 99.5% drop in comparison to the US$ 83.9 million reported in December 2019.
The Governor further said Sri Lanka has incurred an expenditure of US$ 282.9 for private vehicles imported for the whole of 2020, which is a 65.3% drop in comparison to the year 2019.
Professor Lakshman added that total expenditure for the importation of essential items for 2020 is US$ 16,055.4 million, which is a drop of 19.5%.
He made the statements during a media briefing held at the Central Bank of Sri Lanka yesterday. (NewsWire)