If we do not have dollars, how did we import $ 22 billion worth of goods last year? – CBSL Governor

Date:

The Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal says that although many people think that the shortage of dollars in Sri Lanka is due to the fact that we do not have dollars, that opinion is wrong.

“Many people think that we have a shortage of dollars because we do not have dollars. If we do not have dollars, how did we import $ 22 billion worth of goods last year? And how did we import $ 2 billion worth of goods last month? So we definitely have dollars. There is also a high demand for dollars. That’s not a bad thing. Then we have to find a foreign exchange to support it. In such a case, it is our duty and responsibility to reduce the use of dollars outside the prescribed system or to introduce alternative measures. ”

The Governor of the Central Bank said this addressing a function held in Colombo yesterday (08).

Share post:

spot_imgspot_img

Popular

More like this
Related

Artificial Reef at Hambantota Port Emerges as Southern Sri Lanka’s Most Vibrant Marine Ecosystem

Artificial Reef at Hambantota Port Emerges as Southern Sri Lanka’s Most Vibrant Marine Ecosystem

Rare ‘Blood Moon’ to Grace Night Skies in Spectacular Global Eclipse This September

Rare 'Blood Moon' to Grace Night Skies in Spectacular Global Eclipse This September

Court Revisits Long-Standing Case of Inmates Accused of Prison Break During 2004 Tsunami

Court Revisits Long-Standing Case of Inmates Accused of Prison Break During 2004 Tsunami

CID Postpones Summons for Former Top Official in Ongoing Probe

CID Postpones Summons for Former Top Official in Ongoing Probe