Nobody can kick me out. I have six years: CBSL Governor

Date:

Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka (CBSL), responding to a group of reporters yesterday (11) said he will not resign from his post even if the President and the Prime Minister who appointed him both decide to step down.

“Why should I leave? I was only appointed. I have six years in my tenure. The Central Bank is an independent body. I too administer this without being submissive like the RBI bank in India. Let us make a fresh start to make the economy prosperous,” he said, according to sources.

The Governor also said that the political instability in the country could adversely affect the negotiations with the International Monetary Fund (IMF) and that he is currently negotiating with the Reserve Bank of India to obtain another US $ 1 billion foreign exchange facility.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Tourism Law Overhaul Sparks Clash Between State and Industry

Sri Lanka’s tourism sector is heading toward a defining...

Divestment Push Rekindles Scrutiny of Troubled Hyatt Megaproject

Sri Lanka’s renewed attempt to divest its stake in...

IMF Program under Stress as NPP Government Faces Reality Test

The JVP-led National People’s Power (NPP) Government’s stewardship of...

Sri Lanka’s Wind Energy Drive Gains Momentum amid Ambitious Targets

Sri Lanka’s wind energy sector is entering a decisive...