Central Bank removes cash margin deposit requirement on non-essential imports

Sri Lanka’s Central Bank has decided to discontinue the 100 percent cash margin deposit requirement against the importation of selected goods of non-essential/non-urgent nature with immediate effect.

The decision to impose a cash margin deposit requirement was expected to support the efforts to preserve the stability of the exchange rate and foreign currency market liquidity, particularly by discouraging excessive imports of speculative nature.

Related: Central Bank imposes 100-pct cash margin deposit requirement for non-essential goods imports