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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 ...
In early April President Gotabaya Rajapaksa offered the post of Governor of the Central Bank of Sri Lanka to Weerasinghe and he accepted the position. [17] [18] He assumed his duties as CBSL governor as of 7 April 2022. [19] He replaced Ajith Nivard Cabraal as his successor to become the 17th Governor of the Central Bank of Sri Lanka. [20]
Sri Lanka's newly appointed Central Bank Governor Nandalal Weerasinghe sharply raised policy rates on April 8 allowing interest rates to go up and reduce money printing. [13] By end March foreign reserves were down to US$1.9bn and there were concerns over their actual usability since about US$1.5bn which had come from a Renminbi swap from China.
The Central Bank said in a statement that the lending and deposit interest rates were reduced by 250 basis points to 14% and 13%. According to the Central Bank, the headline inflation stood at 35. ...
This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... Sri Lanka: 8.00 0.25: 27 November 2024 [93] 4.97 3.03
In 2015 he was appointed as the Governor of the Central Bank of Sri Lanka. [3] He was extremely critical of the Sri Lankan tax system and called the revenue which is only 10% of the GDP "pathetic" and compared the low tax collection in the country to the tax collection of a poor Sub-Saharan country and also criticized the complexity of the tax system and proposed to simplify it and introduce ...
The Central Bank of Sri Lanka was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J. R. Jayewardene. Under the former name of Central Bank of Ceylon, it replaced the Currency Board that until then had been responsible for ...
He served as the Governor of the Central Bank of Sri Lanka, holding the post from 1 July 2006 until his resignation on 9 January 2015. [2] [3] He again became the Governor of Central Bank of Sri Lanka in September 2021, replacing W. D. Lakshman, [4] and resigned again in April 2022. [5] [6]