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

 

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