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.
