Sri Lanka restricts vehicle imports for MPs, Ministries & others

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Further, a requirement of 100 percent cash margin has been imposed for the import of Refrigerators, ACs,  TV, Telephones and Mobile phones, washing machines, footwear and tyres. The measures came as Srilankan rupee has seen a steep decline in past few weeks due to external reasons and also due its low foreign exchange reserves.

Opposition has attacked the government for failing to stem the decline and bringing hardship to common man. Government said it will continuously monitor the exchange rate fluctuations and will take appropriate action accordingly. 



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