Parliamentarian Hector Appuhamy says the Central Bank of Sri Lanka is restricting the flow of US dollars into the economy.
Speaking to media during a media briefing in Colombo today, MP Appuhamy said the trust placed by international organisations in Sri Lanka has been tarnished due to such actions.
He said the Central Bank is forcefully implementing such restrictions within the banking sector to stabilise the value of USD against the Sri Lankan Rupee.
Despite the US dollar trading at Rs. 203 under Central Bank regulations, the Parliamentarian said the blackmarket price of a USD is at Rs.240.
He also pointed out that many businessmen are facing issues with exporting local products since foreign buyers do not trust the banking system of Sri Lanka, due to restrictions on the US dollar and are unwilling to engage in letters of credit agreement.
Parliamentarian Appuhamy also noted that the businessmen now have to get a guarantee from a foreign bank regarding their transactions.
Media also questioned the Opposition over the six-month plan for economic development presented by Governor of the Central Bank Ajith Nivard Cabraal today.
MP Appuhamy accused the government of planning to sell all local assets to the Americans through this roadmap.