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The Governor of the Central Bank of Sri Lanka (CBSL) functions as the chief executive of the Sri Lankan central bank. The post is the ex-officio chairperson of the Monetary Board of Central Bank of Sri Lanka. Since its establishment in 1950, the CBSL has been headed by sixteen governors. The governor has two deputies and several assistant ...
Prior to being promoted as the deputy governor of CBSL on 27 September 2011, he had served in as the assistant governor of CBSL from 2009 to 2012. Although, he was promoted as CBSL deputy governor in September 2011, he assumed his duties as deputy governor exactly a year later as of 1 September 2012 due to his commitments with IMF. [7]
The Central Bank of Sri Lanka (abbr. CBSL; Sinhala: ශ්රී ලංකා මහ බැංකුව, romanized: Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body ...
On 27 February 2015, newly appointed CBSL governor Arjuna Mahendran advertised the sale of Rs. 1 billion in 30 year government bonds at a coupon of 12.5% [7] Despite several accounts erroneously cite an indicative rate of 9.5%. [8] [9] The sale was oversubscribed with 36 bids of totaling Rs. 20 billion. [8]
[23] [24] He requested for and gained cabinet rank as the Governor of the Central Bank. [25] During his tenure, Central Bank was engaged in printing in excess of trillions of money to finance the budget and economic crisis. [26] [27] [28] During his tenure, CBSL allegedly printed Rs. 22.27 billion rupees overnight on 14 March 2022. [29]
Lakshman Arjuna Mahendran is a Sri Lankan-born Singaporean economist and banker. [1] He is a former Governor of the Central Bank of Sri Lanka (CBSL), having been appointed by President Maithripala Sirisena in January 2015 and served until the end of his term on 30 June 2016. [2]
A release from the White House says, “The Council of Governors was established by the National Defense Authorization Act of 2008 and formally created by Executive Order 13528 in 2010.
Deshamanya Weligamage Don Lakshman (commonly known as W. D. Lakshman) popularly known as Professor W. D. Lakshman is a Sri Lankan economist, professor, lecturer, academic and author who also served as the 15th Governor of the Central Bank of Sri Lanka and current chairman of the Monetary Board of the CBSL.