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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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    CB Governor’s appointment for 6 year term, Dep Governor clarifies

    roshana7549
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    roshana7549


    Posts : 280
    Join date : 2014-04-18
    • Post n°1

    CB Governor’s appointment for 6 year term, Dep Governor clarifies Empty CB Governor’s appointment for 6 year term, Dep Governor clarifies

    Post by roshana7549 Thu Jul 07, 2016 10:02 am

    July 06, 2016 (LBO) – Deputy Governor of Sri Lanka’s Central Bank P Samarasiri clarifying media reports said the tenor of the new Governor is 6 years except under certain instances.

    Samarasiri said the Monetary Law Act does not provide for interim appointments for a Central Bank Governor, speaking during a media conference on Tuesday.

    “The Central Bank is an independent institution and the Governor’s appointment is a fixed tenor of 6 years,” he said.

    “It is fixed for 6 years except for certain situations where he is unable to attend to duties and functions as Governor.”

    Former Governor Arjuna Mahendran last month informed the Monetary Board that he will not seek re-appointment as a Parliamentary probe over bond sales was not complete.
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