Governor of the Central Bank of Sri Lanka (CBSL), Nandalal Weerasinghe, emphasized that the financial conditions that led the previous government to gradually lift the vehicle import ban remain unchanged, even after the government transition.
“When the previous government made the decision, the CBSL provided recommendations after conducting the necessary technical analysis.” He said.
The previous administration had announced plans to fully ease restrictions on private vehicle imports by February 1, 2025.
Weerasinghe stated that if financial conditions continue on the expected trajectory, maintaining the decision would be feasible. However, the final decision on vehicle imports rests with the Ministry of Finance. (NewsWire)
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