Sri Lanka President Ranil Wickremesinghe has ended a ban on the import of beauty care products and deodorants, originally imposed amidst the worst currency crisis in the history of the island s intermediate regime central bank.
Sri Lanka s imports have soared to 21.6 billion US dollars in 2021, a four year high, amid what is characterized in the popular media as foreign exchange shortages , the highest since the money printing year of 2018, according to provisional data in the public domain.
Sri Lanka s imports hit 1.68 billion US dollars in September 2021, amid record money printing the highest since 2018 when money was also printed losing forex reserves, data show.