Former Governor to return to the Central Bank

News

Former Central Bank Governor Ajith Nivard Cabraal is returning to the Central Bank as Governor with effect from September 16, a highly-placed Treasury source said on Friday.

A Cabinet paper also giving Mr. Cabraal, currently State Minister of Finance, Cabinet rank in the new position is being prepared for this purpose and would be presented to the Cabinet next week.

There was no independent confirmation so far from Mr. Cabraal or incumbent Governor Prof. W.D. Lakshman, who was due to preside at a media briefing at 3 pm today to explain whether the Monetary Board has increased interest rates or kept it at current levels, among other decisions on policy.

Newspapers and social media this week have been filled with the news that Mr. Cabraal was taking over as Governor in the midst of an economic crisis where the country is struggling with a shortage of foreign currency.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

May 31, 2025

- 481 - 0

Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary

Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred

June 2, 2025

- 448 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

June 2, 2025

- 351 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

May 29, 2025

- 261 - 0

Mahindananda and Nalin Fernando Jailed

Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.

May 30, 2025

- 259 - 0

In Pix: Weather situation in Colombo

June 3, 2025

- 188 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.