He made this statement during the Cabinet media briefing yestarday (09).

He said that this gazette notification is expected to be issued today and those depositing in this account could be ensured that it is a more profitable investment if ensured as a minimum six-month deposit.

The minister pointed out that in order to restrict foreign exchange leaving the country, those leaving the country should be controlled and this is the responsibility of the Central Bank, which should mediate to prevent the rupee from depreciating further.

He also said that the import of some luxury items have been restricted, while others have been banned, and appealed to importers to refrain from opening letters of credit (LC) for unnecessary items in order to protect the rupee.