Tuesday, January 31, 2023
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If we do not have dollars, how did we import $ 22 billion worth of goods last year? – CBSL Governor

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).

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