No impact on economy from Gulf crisis

The Sri Lankan economy has not faced any negative impact so far from the crisis in the Gulf region.

The Government says it closely monitoring the developments in the Gulf and the impact it may have on the Sri Lankan economy.

State Minister of Finance, Eran Wickramaratne stated that, “currently work goes on since there is no move to stop accepting the Qatari Riyal in Sri Lankan banks.”

The Minister however opined that if there is a disruption to the work of nearly the two hundred and forty thousand Sri Lankans residing and working in Qatar that will have a definite impact on Sri Lanka.

“The diplomatic crisis between Qatar and her neighbor states has taken most by surprised and therefore we must all hope that the situation will return to normalcy soon,” added Wickramaratne.

Cabinet last week discussed the situation in the Gulf following the Qatar crisis. Foreign Minister Ravi Karunanayake briefed the cabinet on the developments in the Gulf region.

The United Arab Emirates (UAE), along with Saudi Arabia, Bahrain and Egypt on Monday cut diplomatic ties with Qatar, accusing the Gulf state of supporting and financing “terrorism” as well as interfering in their internal affairs.

Later on the day, Yemen, the Maldives and Libya’s eastern-based Government also decided to sever diplomatic relations with Qatar.

The government said that it will hold talks with other countries on the crisis and decide on the way forward. (Colombo Gazette)