CB Governor after Ravi returns

1 July 2016 02:24 pm Views - {{hitsCtrl.values.hits}} 9 Bookmark

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President Maithripala Sirisena is expected to appoint the Central Bank's new governor next week in the wake of his discussion with Prime Minister Ranil Wickremesinghe and after Finance Minister Ravi Karunanayake returns to Sri Lanka, a government communique said today.

“The Finance Minister's approval is required when appointing the Central Bank Governor,” it said

Finance Minister Karunanayake, who is on an official visit to China, is due to return on Sunday, July 3.

Central Bank Governor Arjuna Mahendran's tenure ended on Thursday June 30.

Several names including those of Advisor to the Prime Minister, Charitha Ratwatte, Senior Deputy Governor Nandalal Weerasinghe, Central Bank's former Deputy Governor W.A. Wijewardene and Dinesh Weerakody are being mentioned as possible replacements for Mr.Mahendran.

Meanwhile, the government denied reports that financial markets had declined as a result of the Central Bank controversy. (Yohan Perera)

Comments - 9

Wilson Thilakaratna Friday, 01 July 2016 04:55 PM

President announced that CB governor would be appointed on the evening on 29th June. Now he wants to delay the appointment until Ravi Karunanayaka returns. CB does not come under the preview of Ravi. Then Why is the delay? Political jokers.

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Prem Friday, 01 July 2016 05:00 PM

Should not be a political appointment

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Nihal Peiris Friday, 01 July 2016 05:45 PM

MS Use your Executive Powers Why waiting for FM Be Smart via DM Android App

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Know All Friday, 01 July 2016 06:00 PM

That is the protocol.The Minister of Finance recommends to the President the name of the CB Governor.

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Hibshim Friday, 01 July 2016 06:16 PM

The President has all the powers to appoint the Govenor no need of Finance Minister approval, here we need a better Finance Minister

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Robin Friday, 01 July 2016 06:19 PM

Sirisena does not know protocols in appointing senior government posts. What he said to his people at a meeting is just hollow. What a country to appoint fools as Presidents one after another.

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Hopeless Investor Friday, 01 July 2016 06:21 PM

You better stay away from My Island,I lost nearly half a million on shares since this Yahapala came to power,Small investors like us who save money from working abroad it is vary hard earn money,you people spoiled everything ,,,,,,,,,Shame

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CitizenPerera Friday, 01 July 2016 09:46 PM

Looking for the most suitable CRIMINAL partner no doubt to continue the next robbery.

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puspy Saturday, 02 July 2016 12:35 AM

Unlike like MR, MS always consult people around him to make the final decision. MR always appoint his own gangs. This is the difference between democratic man and a dictator.

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