CBSL Chief takes up responsibility to issue dollars for uninterrupted fuel imports

Date:

Despite the ongoing forex crisis in the country, Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal has taken up the responsibility of issuing dollars required for an uninterrupted supply of fuel for the generation of power.

The measure has been taken upon a special discussion held with President Gotabaya Rajapaksa, as the CBSL Chief has informed the President that dollars will be issued for an uninterrupted supply of fuel required for electricity.

The Governor has also made a request that the required amount of dollars for fuel imports be informed in advance.

Early plans to proceed with controlled power cuts amid the fuel shortage were halted following the CBSL Governor’s intervention.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

A Strategic Imperative: Restoring the Medical Backbone of the Sri Lanka Army

Narahenpita Military Hospital, an establishment critical in providing a...

Shame on You JVP – Your Slip is Showing

By Adolf  The JVP has long built its political identity...

Sri Lanka’s Banks Show Strength on Paper as Reserves Slip Backward

Sri Lanka’s banking sector, long considered the backbone of...

Colombo Port Gridlock Threatens Sri Lanka’s Export Competitiveness

Sri Lankan exporters are once again facing mounting uncertainty...