Loss of reserves due to vehicle imports is a criminal waste

Tuesday, 23 March 2021 00:00 - - {{hitsCtrl.values.hits}}

Daily FT headline 14 December 2020 read ‘Sri Lanka forex reserves fall to $ 5,549 m in Nov. 2020.’

And insensitive, unscrupulous, unpatriotic motor vehicle importers are lobbying for lifting of the import ban. In 2019 $ 6.5 billion were received from Sri Lankan expatriate workers. Out of that $ 1 billion was wasted on vehicles for private use. Isn’t that criminal waste?

J.K. Wijedasa

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.