LC openings drop as pent-up demand for vehicle imports declines – CBSL chief

Sri Lanka’s Central Bank Governor, Dr. Nandalal Weerasinghe, notes a decrease in Letters of Credit (LCs) due to diminishing pent-up demand for vehicle imports after restrictions were lifted in February. He anticipates that the demand for imports will stabilize in the coming months. source http://www.adaderana.lk/news.php?nid=115169