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25 March 2022 – The complete IMF staff report which had been blocked by Sri Lanka authorities is released after permission is given. [18] 3 April 2022 - Sri Lanka's cabinet ministers resign as protests intensify [19] 4 April 2022 - Central Bank Governor Nivard Cabraal resigns [20] 5 April 2022 - Treasury Secretary Sajith Attygalle resigns [21]
Source: Central Bank of Sri Lanka, 2021. [21] According to W. A. Wijewardena, a former Deputy Governor of the Central Bank of Sri Lanka, the country was a long way into an economic crisis in 2015. [22] The government that came into power in 2015 knew this and had been warned by the Institute of Policy Studies of Sri Lanka about a number of ...
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 ...
In a phone interview with News First, former Central Bank Deputy Governor Nandalal Weerasinghe revealed that Gotabaya Rajapaksa had offered him the post of Governor of the Central Bank of Sri Lanka, and admitted to accepting the position. [113] [114] He assumed his duties as Governor on 7 April. [115]
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The Central Bank of Sri Lanka is the monetary authority of Sri Lanka and was established in 1950. The Central Bank is responsible for the conduct of monetary policy in the country and also has supervisory powers over the financial system. [142] The Colombo Stock Exchange (CSE) is the main stock exchange in Sri Lanka. It is one of the most ...
On 8 April 2022, former World Bank official Shanta Devarajan had warned that the biggest risk Sri Lanka is going to face is the social unrest and turmoil. He highlighted that cash transfer program can be initiated aiming at helping the poor people in addition to reduction in subsidies on food and fuel in order to avoid the collapse of the ...
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 ...