Sri Lanka: Temporary suspension on import of certain vehicles & non-essential goods on credit announced due to the COVID-19 pandemic

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Description

On 19 March 2020, the Central Bank of Sri Lanka through "Banking Act Directions No.1 of 2020" has temporarily (for 3 months) suspended the issuance of Letters of Credit for imports of certain motor ve...

Intervention Details

Intervention Type

Controls on credit operations

MAST Chapter

Capital control measures

Implementation date

19 Mar 2020

Revocation date

22 May 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

Affected Products

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