Non-Essential/Non-Important Goods Import Halted 
Posted 10,September

By Chaveendra Dunuwille

In Local News

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To support the government’s ongoing effort to stabilize the nation’s foreign currency market liquidity as well as the foreign exchange rate the government has decided to impose a 100% cash margin deposit requirement. 

Letters of credit & documents against acceptance terms with licensed commercial banks and national savings banks came into immediate effect and called for the immediate suspension of the imports of a list of selected non essential and non-urgent goods. 

The list included Telecommunication devices, Home Appliances, Clothing & Accessories, Household items & Furniture, Rubber tires, Air conditioners, Fruits such as Apples and Oranges, Cosmetics & Toiletries, Beverages such as wine and beer, other food and beverages which included chocolate, cheese, and butter as well as other non-food consumables such as tobacco products, stationery, and toys.