Central Bank governor has become Ranil’s mouthpiece: NPP

29 August 2024 08:50 pm Views - {{hitsCtrl.values.hits}} 64 Bookmark

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Colombo, August 29 (Daily Mirror)- Central Bank Governor Nandalal Weerasinghe is making certain statements on the economy to satisfy President Ranil Wickremesinghe, NPP politburo member Dr. Nalida Jayatissa said today.

He told a news conference that the Central Bank Governor, as a doctor and an expert in the field, must avoid making statements as wanted by politicians.

Dr. Jayatissa said this in response to a question raised by a journalist on the statement made by Dr. Weerasinghe that the country will have to face repercussions if it deviates from the ongoing reforms agenda under the IMF agreement.

"The Central Bank Governor, as a doctor and an expert in the field, must not utter what politicians say. He must state practical things while using his subject knowledge," he said.

Dr. Jayatissa said there were similar Central Bank Governors in the past where one Governor was convicted by the Supreme Court over the economic bankruptcy.

Comments - 64

Christo255 Thursday, 29 August 2024 09:21 PM

NPP must understand that not everyone agrees with them and entitled to their own opinion. CB governor is also a part of the team that worked tirelessly to bring the country out from the economic hell, to which JVP also contributed by their protests on everything and anything

51 121

BanduXX Thursday, 29 August 2024 11:22 PM

But what Dr Jayatissa is saying is that a public servant should not get involved at an election time. These are his private view and not becoming of a CB governor to be partisan.

13 17

Gamini Friday, 30 August 2024 09:42 AM

As the CB Governor he has a responsibility to warn the citizens, otherwise when the shit hits the ceiling, these three wheel drivers will question what was the CB Governor doing

7 16

Ram P Friday, 30 August 2024 05:33 AM

Everyone unlikely to agree with NPP/SJB/Ranil policies. I listened to EC who was asked about CB Governor making statements. EC expressed the view that no public servant must issue statements on policies or any matter when an election is declared and refrain from making statements during that short period

5 15

Tissa Fernando Thursday, 29 August 2024 09:26 PM

CB Governer is a true public servant who stepped up when the country was in trouble when you guys were busy in burning public and private properties . Ranil says what the CB governor says. Have some respect for a man who sacrificed his comfortable life in Australia to come here. You guys were sending messages to the expats through your cronies not to send dollars to SL via banking system.

49 111

Jayampathi Thursday, 29 August 2024 11:26 PM

CB Governor is a good decent man but please remember he would never get a good position like CB governor in Australia. Probably, he would have had some freelance work despite having a doctorate from Australian National University and former alternate director to IMF. He could have avoided making this statement at this stage with an election around the corner. I think he spoke in good faith. But people want the NPP - thats what I hear from a cross section of people outside Colombo

11 7

Ex CB Friday, 30 August 2024 11:26 AM

He was studying to be a financial analyst

1 0

TIME FOR THE GOVERNOR TO START LOOKING OUT FOR ANOTHER JOB, IF HE PLANS TO STAY ON IN THE COUNTRY. Friday, 30 August 2024 01:38 AM

MARK MY WORDS THE GOVERNOR'S POLITICAL JOURNEY WILL BE SHORTLIVED AFTER THE 21ST. LET US SEE IF HE RETURNS BACK TO AUSTRALIA OR TAKES UP ANOTHER POST IN A PRIVATE COMPANY AND CONTINUES TO REMAIN IN THE COUNTRY.

8 5

Jude Friday, 30 August 2024 02:23 AM

Hey Tissa, Nanda was deputy governor when James Bond Mahendran looted the central bank. Before getting prosecuted, Mahendran took sanctuary in Singapore and Nandalal moved to Australia. Then Gota came to power Nandalal returned to SL. He never sacrificed anything old man like Nandalal can't make a decent living in downunder. As a bureaucrat he can make More money in SL than in Australia.

5 11

Amare Friday, 30 August 2024 05:33 AM

Nandalal cannot get a governor post in Australia because he lived in Australia.

0 7

Dilakshan Seneviratne Friday, 30 August 2024 08:21 AM

Don’t make foolish allegations. Who told whom not to send money? Hilarious.

4 7

sam Friday, 30 August 2024 09:46 AM

The three wheel drivers party and their comrades to the expats living comfortably in western world, where there is privatization, paid education and people pay their taxes

3 4

scranjitha Thursday, 29 August 2024 09:31 PM

He is a professional and speaks his minds out. Further he was chosen from his retirement in Autralia by the then Goverment of Gotabaya.His warnings has to be considered with open mind.

33 92

SLEx Thursday, 29 August 2024 09:34 PM

Right. So if his thoughts align with someone elses, it means he is supporting that person? Maybe the reason he is saying that is because he is aware of how IMF deals with these situations in other countries. IMF does not care who is in power. They will provide the help needed if we are willing to help ourself. Thanks to their conditions, the economy is getting better. Slowly but surely. There is no overnight solution to this mess. Everything IMF wants is what everyone is having in their manifesto because that what our country needs. Reduce corruption and expenditure, increase income.

12 75

D P P Prasad Thursday, 29 August 2024 09:39 PM

Nandalal is a strong stooge of the incumbent president he wants RW to remain in power until his demise Thus he is surreptitiously and informally wishes his master that RW may come to power again. But it will be terminated with a dream This man is not loving our mother land he is money greedy and power greedy person subsequently the presidential election Nandalal will become an invalid coin Whatsoever he will have to face unprecedented consequences what former governor Karbaral also faced

73 52

Tissa Fernando Thursday, 29 August 2024 10:30 PM

NPP Prasad is exhibiting his hatred mindset towards successful people and making threatening statements too. I think D P P stand for Dushta Jana Balayage. Unprecedented consequences, ha .?

22 57

Practical Citizen Friday, 30 August 2024 02:09 PM

Yes. They don't like the people who educated, successful and come from good family back ground

0 0

gamini Friday, 30 August 2024 09:49 AM

when you don't listen to wise men it is we the tax paying citizens and not these three wheel drivers who will face the consequences.

1 5

Mahesh Friday, 30 August 2024 10:48 AM

It looks like you are living on a cuckoo land my friend. All I can say based on the NPP policies and the various interviews from the party members that this party is not fit to govern

2 8

warren Thursday, 29 August 2024 09:51 PM

My goodness! Now, professionals can't air their professional opinions if such opinions are not to the liking of the NPP. Mr Jatatissa, Dr Weerasinghe is a top-class economic professional with a wealth of experience in the banking sector. He told the truth, though it can be a bitter truth to a naive and inexperienced person like you. If this is the attitude of the NPP, where they do not want to hear anything against their liking, imagine how they will deal with dissent once they come to power - typical draconian Marxist thinking.

23 75

Tissa Fernando Thursday, 29 August 2024 10:35 PM

Exactly, these columns will not be allowed too if NPP wins, may be they might get rid of all those above 65 saying they are useless. Remember Polpot regime. They have same mentality, no religious faith , no respect for seniors. May be their parents did not look after them well during their childhood. God bless Sri Lanka if these mentally hatred guys come into power.

20 58

Dilakshan Seneviratne Friday, 30 August 2024 08:27 AM

Rumour mongering and hate spreading is deplorable. NPP is a very professional party that does not carry baggage like your fellows who ruined the country.

11 9

Yohan Thursday, 29 August 2024 10:03 PM

lol. Good lesson for any government top officials expecting to vote these no policy party. All will be kicked out if npp comes to power.

17 60

Tissa Fernando Thursday, 29 August 2024 10:32 PM

Yes if NPP wins they will be replaced with those comrades who terrorised the villages in 88 89.

22 56

Aviator Friday, 30 August 2024 06:18 AM

You people simply talk of 88 89. That's all you have to brag about. What have the current politicians done since then? Look at the economic mess we're in. Just because there are no queues doesn't mean the so called master RW has done a great job. Our economy is still fragile with mountains of debt and extreme corruption. RW has done nothing to reduce corruption because he is part of that system.

3 6

Kavinda Fernando Thursday, 29 August 2024 10:50 PM

Yohan I am with you.

3 2

Tharmar K Friday, 30 August 2024 12:02 AM

What happened when you votd for party's with policy? Especially SLPP that you voted to power with only policy to Marginalise the minorities of the country. You guys think that under UNP's, SLFP's and SLPP's rule country had become developed like Singapore.

0 3

Avanka Perera Thursday, 29 August 2024 10:31 PM

Fully agree with NPP statement, do we want the people to suffer with IMF agreement such as exorbitant taxes , there should be tax exemptions people cannot afford such huge costs instead we must increase productivity that is the solution of NPP and to renegotiate the agreement which is good CB Governer cannot utter such statements. if he gets revenue to the country without in the form of taxes country can be resurrected. We all citizens will donate 100/- to the government to gain revenue we can reduce taxes. We don't him to be the mouth piece of RW is selling the country and protecting rouges

65 25

Mwah Friday, 30 August 2024 03:51 AM

Thanks for your acknowledgement. We'll find some hay for you. Mmwaah

1 2

Tissa Fernando Friday, 30 August 2024 04:31 AM

True mindset of those supporting NPP, Donating Rs 100 by "we all" at what frequency? Hourly, Daily, weekly, monthly or Annually? "Who are these "we all". How do you collect? Or do you mean that people have to pay these to NPP cadres? This mindset clearly shows that these guys have no clue whatsoever about running a country. And also , does he understand what is meant by 'resurrect the country"?

5 6

sam Friday, 30 August 2024 10:00 AM

how can you increase productivity with a bunch of lazy people who want everything free, do not want to pay taxes, are against, are against FDI and privatization and take to the streets during working hours instead of doing their work while collecting full salary and are against people who have worked and rich. Good example why is CPC incurring a loss and both CPC and LIOC sell fuel at the same price and LIOC has a fraction of the staff compared with CPC

0 6

Jayampathi Thursday, 29 August 2024 11:10 PM

Don't threaten the government servants who disagree with your policies. On most occasions, Ranil follows the CB governor's policies.

3 11

Sanjaya Thursday, 29 August 2024 11:20 PM

Seriously Jayatissa? You should realise this kind of statements only reduce the middle class vote base you guys tirelessly built up last couple of years. We rallied around you, thinking you will be the best alternative we have. It seems we got it all wrong.

2 7

Leo Friday, 30 August 2024 10:56 AM

You deserve some more hardship if you can't read between the lines. It's politician's job to lie, it's your job to not to get duped by these fairy tales.

0 2

Lalith Friday, 30 August 2024 12:24 AM

This is serious and dangerous stuff. Can you let us know what did you'll do during previous government when you'll ran ministries during Ms. Chandrika time?

2 7

sach Friday, 30 August 2024 12:47 AM

Nandalal was also the deputy governor when SL piled up ISB loans during 2015-19.

1 5

Overseas Professional Friday, 30 August 2024 02:04 AM

NPP hates unbiased top performers Being an overseas professional, the very reason I never want to come back to work in my beautiful motherland. Hatred persons like this galore in spite of whatever the good intentions and work. CB governor is an excellent unbiased professional. If he is slandered anyone else is an easy target.

4 11

Jude Friday, 30 August 2024 03:20 AM

Tissa you're neive to think that Nandalal a good guy. Here's the facts, when Mahendran looted Central Bank Nanda was the deputy governor And he knew Mahendran' s unscrupulous activities but he didn't want to be the whistleblower. Because he was stand to benefit from that. And he looked The other way. He Left to Australia to avoid prosecution for his part as deputy governor in the central bank Robery. Then he returned to SL to become a bureaucrat because he can make More money in SL than in Australia. As old fart like him can't make decent living in Australia.

10 7

Kumudu kumudu Friday, 30 August 2024 03:46 AM

This is nothing but intimidation. NPP asks a professional to shut up. Ready to be quiet if you all decide to vote for NPP. People are worshiping a fox in disguise.

6 10

Dilakshan Seneviratne Friday, 30 August 2024 04:03 AM

The fact is that the CB Governor does not need to make such statements during an election campaign. That’s for competing candidates to do. His statement can be construed as supporting a particular candidate. NPP’s DR Harshana S at an economic seminar yesterday said that all government departments including CBSL will be independent under a NPP government. That is NPP policy. Most of the comments here are simply mudslinging by the usual cronies.

4 7

surain Friday, 30 August 2024 10:06 AM

CB has aired the fact as a top professional in the field ! Unfortunately NPP cant digest it due to their negative mentality ! However you cant threaten others just because you have a diffent mindset

4 4

Dr. Prem Abeyratne Friday, 30 August 2024 04:13 AM

True- this governor only wants to secure his job. No, he has not given up a luxury life in Australia- he gets a fat tax free salary in Sri Lanka and a huge investment income in Australia. As a Doctor in Economics, I find many of his statements outrageous and deceptive.

4 6

Ex B Friday, 30 August 2024 05:53 AM

CB governor has been a controversial figure. His recent behaviour does not reflect that of an independent person. He should explain to the people why his inflation targetting is off course at below 5% without indulging in bias behaviour

4 6

Dee Friday, 30 August 2024 06:04 AM

Anyone is better than some much of subversives running the show. Comrades will never succeed only destroy!

3 3

Vive James Friday, 30 August 2024 06:31 AM

Racial NPP You are inherently biased and Racial. North and East will teach you a lesson

4 4

Citizens Friday, 30 August 2024 06:39 AM

NPP - No Proper Plan! What's the use of even commenting on their stupidity.

3 8

Anbanda Weerasekera Friday, 30 August 2024 07:37 AM

This is an election period. The Irony is that NW either through ignorance or otherwise is breaching election laws. Nothing to do with his economic wisdom!!! That he is a stooge is IMF is another matter altogether.

3 5

Sambo Friday, 30 August 2024 08:01 AM

Well said but his time is to pack up back to Australia.

5 5

Nihal. Amarasekera Friday, 30 August 2024 08:35 AM

All GOOD talked about the Governer is accepted. Yet his timing of the statement is BAD and UGLY

0 5

Terrence K Friday, 30 August 2024 08:35 AM

My goodness ! these are signs of hell fire that are coming out of revolutionaries who do not agree to opposing critiques and cannot accept the realities and the solutions to some extent most appropriate in a time when the country is facing bankruptcy. As the Governor of the Central Bank there is no necessity of curry favouring with any individual it is only to offer the best solution so that we could come out of this mess created by the Rajapakse Clan. These spokesmen only can talk but fail to see the ground reality and results that the bureacracy has done for the last two years to at least bring some solutions to alleviate the suffering of the livelihoods of the public. Yesterday a new Johnny of the NPP was bragging about tutoring engineers and predicting the results saying that the Sri Lankans living overseas will come to support them. It seems that the members of the NPP are in a dreamland not knowing that the Bells will Toll for the NPP at the next election!!!!

2 8

Bandara Friday, 30 August 2024 09:01 AM

You all support him to take the position. So now? Why?

0 4

Ranjan Friday, 30 August 2024 09:11 AM

Unfortunately the NPP has very little understanding of how the real world operates. Dr. Nandalal as the Governor of the Central Bank has certain responsibilities to keep the public informed about the consequences that would occur if a decision is made to deviate from the IMF program. As the new Central Bank Act gives the Central Bank operating independence, Dr Nandalal doesn't have to act as the mouth piece of RW.

2 8

BanduXX Friday, 30 August 2024 12:11 PM

So very true. Dr Nandalal doesn't have to act as the mouth piece of RW as the CB Act now makes it independent. But by his statement at election he is just doing what he should not do. Imagine if everyone in service gives opinions at election time.

0 3

Mohammed Zacky AMM Friday, 30 August 2024 09:23 AM

If his statement unfavorable for JVP he is mouth piece of Ranil, if favorable for JVP he would be good for you. You are the guys asking madate from people for testing the ability of JVP on leading the country.

1 5

Practical Citizen Friday, 30 August 2024 09:36 AM

JVP plan to appoint Sunil Handunetti as the governor of CB under their dream government.

3 6

Neo Friday, 30 August 2024 10:50 AM

Or that dumb feminist Harini. That will be the end of Sri Lanka.

1 3

sam Friday, 30 August 2024 09:44 AM

That would be loss to SL and a victory to those three wheel drivers

1 1

Willows Drive Friday, 30 August 2024 10:20 AM

Well said doc

2 0

Banana Republic Friday, 30 August 2024 10:24 AM

I'm truly saddened by financial literacy of our people. This country is never going to get out of this mess because people are so short sighted and greedy, from the little guy all the way to the top. But they loves to point fingers and blame each other saying "you got us in to this mess" with our reflecting on it to understand how we got here. Central bank has a dual mandate, which are low inflation and low unemployment. 2 years ago Sri Lanka didn't even have enough reserves to even make our ends meet, so we went to IMF asking for help and I guidance. The whole vision of IMF is to help countries get out hard situations like this, so had created a frame work to get us out of the mess, the idea is once we get through the program, we'll be self reliant (just like a training wheel on a bicycle). Also, if a country following IMF framework, that builds confidence on us in international markets and slowly we'll be able to borrow at reasonable rates at public markets (i.e. treasury bills).

0 6

Nihal S Friday, 30 August 2024 10:38 AM

It looks like NPP will bring back the que system soon. No idea about their policies and the financial impact. NPP is only good on the protest

2 6

Liberal One Friday, 30 August 2024 10:46 AM

Politicians care about cheap votes. Economists care about the economy. We know which side we should take.

0 3

UAli Friday, 30 August 2024 11:32 AM

Someone said he is a son of former UNP MP G. Weerasinghe well known as Ganjahutan’ mentioning his infamous cannabis business in Thanamalwila

3 1

JKL Friday, 30 August 2024 02:00 PM

NPP does not have any plan because they know they wont be coming to power. All their members are a disaster and makes a mockery out of themselves at public forums.

1 2

Harsha Thursday, 19 September 2024 02:42 PM

A very good message. It means he has already appointed a capable reliable cadre to take over the job and complete it. Seems it’s not a big thing at all.

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