Restrictions on over 300 imports to be lifted.
Sri Lanka's State Finance Minister Ranjith Siyambalapitiya said that import restrictions on 328 items will be released on Thursday (20) night.
However, the minister did not provide more details on what items would be included in the list. The Controller of Imports and Exports said these items include vehicle spare parts, and furniture.
State Minister of Finance Ranjith Siyambalapitiya informed Parliament on Tuesday (18) that Sri Lanka saved nearly USD 1.7 billion by restricting imports during the ongoing economic crisis caused by forex shortages.
Cash-strapped Sri Lanka placed severe import restrictions covering over 80% of items to save foreign exchange reserves since early 2022.
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