COLOMBO, Feb 27 (NNN-XINHUA) – The Sri Lankan Central Bank presented the cabinet of ministers earlier this week with a set of proposals to overcome the current foreign exchange and fuel shortages, local media reported yesterday.
Governor of the Central Bank, Ajith Nivard Cabraal, presented the proposals at a special cabinet meeting, convened to discuss solutions to the fuel shortages. The Central Bank recommends reducing working days to four days a week, and allowing employees, who are desk bound, to arrive at work at 9:00 am and leave by 3:00 pm.
The Central Bank has also recommended that, the use of private vehicles must be discouraged, and the government should launch a media campaign to encourage people to reduce the use of fuel.
The proposals also recommend that the country’s two main state-owned banks, the People’s Bank and Bank of Ceylon, should stop issuing loans to Ceylon Petroleum Corporation, and the price of fuel should be increased.– NNN-XINHUA
