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Restrictions imposed to control trade deficit – CBSL Governor

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COLOMBO (News 1st); Retiring Central Bank Governor Professor W. D. Lakshman said that import controls were introduced on a series of items to have a restraint on the trade deficit.‘We did not take this decision to inconvenience the public or the industries.

This was a decision that was required to be made. If changes need to be made, we can make them after analyzing the situation,’ he said.“We wanted to bring control on the trade deficit.

Restraining imports has to be done carefully as it can affect essential commodities and intermediate products,” he added.Professor W.

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