As a measure to avert the foreign exchange crisis Sri Lanka is facing at the moment, the country is expected not to import any vehicles in 2022, while also not recruiting any new people to the public sector, according to Minister of Finance Basil Rajapaksa. He stressed that the country might get into an economic crisis due to its dwindling foreign exchange reserves, which, according to the Government, is at $ 1.5 billion at the moment. He also pointed out that worker remittances have dropped this year compared to the previous year, which in turn has affected the country’s foreign currency reserves significantly due to the number of Sri Lankans who migrate overseas for work dropping sharply. “However, at the moment, it has been increased to 100,000. The target for next year is to increase the number of migrant workers to 300,000,” Minister Rajapaksa added. Read more here: https://tinyurl.com/3exepera.