Sri Lankan president takes responsibility for central bank away from PM

Prime minister faces no-confidence vote over central bank “bond scandal”

Central Bank of Sri Lanka
The Central Bank of Sri Lanka
Amithasundar/Wikimedia Commons

Sri Lanka’s president has taken the responsibility for the central bank away from the country’s prime minister and given it to the finance minister.

The move follows strong public criticism of PM Ranil Wickremesinghe for his role in the central bank “bond scandal”. Wickremesinghe will face a vote of no confidence in the country’s parliament tomorrow (April 4) over his handling of the scandal, locally based reporters say.

President Maithripala Sirisena published an official decree on March 28

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.