As regards the Export Oriented Enterprises, Government will introduce an Exchange Rate Support Scheme with the following features:
Ø A financial support calculated on the basis of the difference between the rate at which the export enterprise has exchanged its dollar proceeds and a reference rate of Rs 34.50 per US Dollar. The maximum support will be set at Rs 2.50 per US Dollar.
Ø The Scheme will be for a period of six months, based on the receipts for exports effected as from 11 September 2017. The payments will be made on a monthly basis as from 02 October 2017.
These measures were favourably received by the economic operators as they will help protect thousands of jobs in the country. They will also give a significant relief to small sugar planters and cooperatives as well as small and medium enterprises operating in the export sector.