No one in Sri Lanka able to meet 100% cash margin – Harsha

No one in Sri Lanka able to meet 100% cash margin – Harsha

No one in Sri Lanka able to meet 100% cash margin – Harsha

Written by Zulfick Farzan

09 Sep, 2021 | 6:36 pm

COLOMBO (News 1st); Opposition Lawmaker Dr. Harsha De Silva said there is no one in Sri Lanka who is able to meet the Central Banks 100% cash margin requirement for imports.

The MP representing the Samagi Jana Balavegaya told reporters that at present even commercial banks do not release USD 1,000 for locals as the economy is not in a good position.

He said while banks are not prepared to release dollars, sellers in Wellawatte and Pettah sell dollars at high prices.

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