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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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» CCS.N0000 ( Ceylon Cold Stores)
Loud call for unity to protect Governor, Central Bank’s independence EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Loud call for unity to protect Governor, Central Bank’s independence EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Loud call for unity to protect Governor, Central Bank’s independence EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Loud call for unity to protect Governor, Central Bank’s independence EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Loud call for unity to protect Governor, Central Bank’s independence EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Loud call for unity to protect Governor, Central Bank’s independence EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Loud call for unity to protect Governor, Central Bank’s independence EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
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» The Korean Way !
Loud call for unity to protect Governor, Central Bank’s independence EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Loud call for unity to protect Governor, Central Bank’s independence EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

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» SRI LANKA TELECOM PLC (SLTL.N0000)
Loud call for unity to protect Governor, Central Bank’s independence EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
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» COMB.N0000 (Commercial Bank of Ceylon PLC)
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» RICH.N0000 (Richard Pieris and Company PLC)
Loud call for unity to protect Governor, Central Bank’s independence EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

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Loud call for unity to protect Governor, Central Bank’s independence EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

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» AHPL.N0000
Loud call for unity to protect Governor, Central Bank’s independence EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
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» NTB.N0000 (Nations Trust Bank PLC)
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» Re-activating
Loud call for unity to protect Governor, Central Bank’s independence EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
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» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Loud call for unity to protect Governor, Central Bank’s independence EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Loud call for unity to protect Governor, Central Bank’s independence EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Loud call for unity to protect Governor, Central Bank’s independence EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
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» Banks, Finance & Insurance Sector Chart
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» VPEL.N0000 (Vallibel Power Erathna PLC)
Loud call for unity to protect Governor, Central Bank’s independence EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
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» WATA - Watawala
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» KFP.N0000(Keels Food Products PLC)
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» Capital Trust Broker in difficulty?
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» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
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» What Industry Would You Choose to Focus?
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    Loud call for unity to protect Governor, Central Bank’s independence

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    Loud call for unity to protect Governor, Central Bank’s independence Empty Loud call for unity to protect Governor, Central Bank’s independence

    Post by Backstage Fri Dec 23, 2016 9:37 pm

    Loud call for unity to protect Governor, Central Bank’s independence
    2016-12-23

    Highly respected economist Prof. Razeen Sally this week revealed clear attempts by certain powerful individuals in the government to undermine the good work of the incumbent Central Bank Governor Dr. Indrajit Coomaraswamy and re-politicize the institution, which, according to him, must be condemned and resisted with full force.
    Of late, the country’s belligerent Finance Minister Ravi Karunanayake accused the Central Bank of failing miserably on many fronts as he thinks the institution had deviated from its responsibilities under the law and also allowed it to be politicized, a charge denied by Dr. Coomaraswamy.
    According to Karunanayake, the Central Bank should confine itself to a regulatory and monitoring role and should not try and tell the government how to run the country’s economy. He said the regulatory reforms to that effect would be brought shortly.
    “Of course there are governing politicians who seek to undermine him (Dr. Coomaraswamy) and to eat away the Central Bank’s authority and to re-politicize the Central Bank,” Prof. Sally told a public seminar organised by Advocata, an independent public policy think tank, jointly with the business magazine, Echelon, in Colombo.
    Dr. W.A. Wijewardena, a respected economist and a former Central Bank Deputy Governor, also recently said such attempts by the governing authorities to belittle the Central Bank’s independence tantamount to a “disaster”. “The tone of the minister (Karunanayake) implied that the government was to reduce the independence of the Central Bank and make it another department in the Finance Ministry.
    If done, this would be a disaster and would go against the accepted principles of central banking. The loser at the end would be the government and the people of the country,” Dr. Wijewardena cautioned in his weekly column in our sister paper Daily FT, this week.


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