Severity of Sri Lanka's forex crisis eased: Central Bank Governor

Updated: Aug 18 2022 7:16PM

Colombo, Aug 18 (PTI) Sri Lanka's forex situation has "improved" and the economy has started to see favourable results due to decisions made by the Central Bank to mitigate the country's economic crisis, Central Bank Governor Nandalal Weerasinghe said on Thursday.

Sri Lanka is in the midst of an unprecedented economic crisis that has led to severe shortages of fuel and other essentials.

“The forex situation has improved now. We have been able to pay for essentials such as petrol, diesel and medicine," Weerasinghe said, adding that while the imports expenditure had decreased the exports had increased.