Import restrictions have been imposed on 367 non-essential items including bottled water, beer, wine and alcohol (foreign liquor), tobacco products, dairy products, ornamental items, entertainment equipment, musical instruments, beauty produ...

  It has been decided to let the LKR to ‘free float,’ since yesterday (9) evening, following CBSL’s meeting with bankers, the CBSL sources said. Meanwhile, the Ministry of Finance on the same day anno...

  Sri Lanka’s central bank said foreign currency reserves dropped to $2.31 billion by the end of February, a level that could provide a month’s breather in efforts to lure investment and curb imports to ens...

  India has given effect to the a 500 million US dollar credit line using which Sri Lanka can import oil, as money printed to keep rates low, boosted imports to record levels, triggering forex shortages and made it dif...