Vehicle imports declining : CBSL

The Governor of the Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe, says vehicle imports are currently declining and that next year is expected to be a normal year for imports, including vehicles. He pointed out that with the relaxation of import restrictions, the previously high demand has now begun to ease. The CBSL Governor made the remarks while speaking at a press briefing held yesterday (26) in connection with the final monetary policy review for 2025 “After vehicle imports were opened, in July, there was a sudden increase in the opening of Letters of Credit (LCs), which led to…

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