Request to overseas Sri Lankans to help rupee depreciation | Daily News


 

Request to overseas Sri Lankans to help rupee depreciation

At this difficult time, the government has opened a special account under special concessions for overseas Sri Lankans and other overseas individuals who have liquid excess foreign currency to deposit their monies, said Co-Cabinet Spokesman Dr. Bandula Gunawardena.

He made this statement during the Cabinet media briefing today (09).

He said that this gazette notification is expected to be issued today and those depositing in this account could be ensured that it is a more profitable investment if ensured as a minimum six-month deposit.

The minister pointed out that in order to restrict foreign exchange leaving the country, those leaving the country should be controlled and this is the responsibility of the Central Bank, which should mediate to prevent the rupee from depreciating further.

He also said that the import of some luxury items have been restricted, while others have been banned, and appealed to importers to refrain from opening letters of credit (LC) for unnecessary items in order to protect the rupee.

 

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