Sri Lanka, May 18 -- Sri Lanka is likely to spend more foreign exchange on vehicle imports in 2026 than initially anticipated, according to the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe.

Speaking at a media briefing today (18), Governor Dr. Weerasinghe stated that nearly US$2 billion had been spent on vehicle imports last year, exceeding the earlier projection of between US$1.5 billion and US$1.7 billion.

He noted that the higher import volume had also resulted in increased revenue for the Treasury through taxes and duties collected on vehicle imports.

According to the Governor, close to US$600 million has already been spent on vehicle imports during the first three months of 2026.

He warned that if the...