CBSL affirms availability of forex for essential imports

The Central Bank today reassured its commitment to ensuring the availability of foreign exchange within the banking system for the importation of essential goods, including the food items, in the ensuing period.

In a statement to the media, the CBSL said it would ensure that the restrictions imposed on payment terms would not cause shortages of essential goods, including food items, and they would not result in any hindrances to manufacturers of export goods.

The statement was issued in response to the concerns being raised at various cohorts of the trading community on the likelihood of a large shortage of essential food items in the country due to restrictions imposed on payment terms.