Chocolate Ban in Sri Lanka..!? Government's Sudden Decision..!

Sowmiya Sriram
Chocolate Ban in Sri Lanka..!? Government's Sudden Decision..!
India's neighbor sri lanka is struggling to get a loan from the international Monetary Fund as its economy recovers from a recession. Meanwhile, the government led by Ranil Wickremesinghe is forced to make structural and revenue-generating changes to secure a loan from the international Monetary Fund.
To deal with the worst economic crisis caused by the lack of foreign exchange, the Sri Lankan government has banned the import of more than 300 consumer goods such as chocolate, perfumes, and shampoo from abroad. In 1948, sri lanka is facing the huge economic crisis since its independence. The country's dire foreign exchange crisis has left the people in dire straits where they don't even have money to buy the essentials.
Apart from this, the prices of everything from rice and pulses to vegetables and fruits in sri lanka started to rise due to a shortage of food items. people who could not tolerate this started protesting against the government. In response to this, the regime changed in Sri Lanka. In this situation, the Sri Lankan Ministry of Finance has issued a major notification, which prohibits the import of many consumer goods including chocolate, perfumes, makeup, and shampoo from abroad. The ban notice covers around 300 items.
Under the Import and Export Control Regulations, the Sri Lankan government has imposed an import ban on consumer goods ranging from food to machinery with immediate effect. This can control the outflow of foreign exchange reserves.
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