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Businessmen in a big crisis! Sri Lanka’s Letters of credit have reached the point where they are not accepted internationally! I Sri Lanka Latest News

August 23, 2023
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Businessmen in a big crisis! Sri Lanka’s Letters of credit  have reached the point where they are not accepted internationally! I Sri Lanka Latest News
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Minister of State for Finance Mr. Ranjith Siyambalapitiya said that the issues of letters of credit arising in the importation of public transport buses, lorries and trucks will be promptly resolved.Sri Lanka Latest News

The minister said that due to the various measures taken due to the economic crisis in Sri Lanka, the letters of credit are not accepted internationally and that he is working to resolve the issue related to the international recognition of letters of credit in Sri Lanka.

State Minister for Finance Mr. Ranjith Siyambalapitiya also mentioned that he will look into the possibility of issuing government guarantees for the related letters of credit.

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