Deputy Minister of Economic Development Anil Jayantha provided clarification on the government’s future policy regarding vehicle imports.
“Permissions will be granted under several categories, particularly for commercial vehicles. However, this will be done within the framework of foreign exchange limits. At present, careful consideration has been given to the amount of reserves available. The Central Bank has also created a necessary buffer reserve,” the Minister said, noting that these opportunities would be provided during the first quarter, according to priorities.
“There will be opportunities in three phases. This is part of the gradual process of stabilization. Currently, the reserve has reached a significant level of USD 6.4 billion. Therefore, we cannot at once destabilize it. We will allow the market to function gradually,” the Minister explained. (Newswire)
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