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

ADB Injects $300 Million into Sri Lanka’s Reform and Tourism Revival

ADB Injects $300 Million into Sri Lanka’s Reform and Tourism Revival

Public Debt Office Powers Expanded to Shape Sri Lanka Economy

Public Debt Office Powers Expanded to Shape Sri Lanka Economy

Sri Lanka’s Tea Sector Surges, But Faces Profit Margin Squeeze

Sri Lanka’s Tea Sector Surges, But Faces Profit Margin Squeeze

Sri Lanka’s Debt Tightrope: Restructuring Nears End, but Risks Rise

Sri Lanka’s Debt Tightrope: Restructuring Nears End, but Risks Rise