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

Treasury Autonomy Essential to Prevent Next Debt Default

Sri Lanka’s reserve management is at a critical juncture....

Talk Without Action Fuels Colombo Port Container Crisis

The continuing congestion of over 13,000 containers at the...

Climate Shock Meets Institutional Failure in Post-Ditwah Sri Lanka

Cyclone Ditwah did not merely flood towns and uproot...

From Relief to Resilience: India Redefines Regional First Response

Cyclone Ditwah offered a real-world test of India’s evolving...