April 8, 2022
1 min read

Lanka appoints new central bank chief amid crisis

The President handed over the appointment letter on Thursday evening and Weerasinghe assumed duties on Friday morning….reports Asian Lite News

Amid the ongoing economic crisis, Sri Lankan President Gotabaya Rajapaksa on Friday appointed a new central bank chief, according to an official statement.

Nandalal Weerasinghe was appointed as the governor of the central bank of Sri Lanka, following the resignation of Ajith Nivard Cabraal earlier this week, reports Xinhua news agency.

The President’s Media Division said in the statement Weerasinghe had vast experience in the financial sector and served in several posts at the International Monetary Fund and the central bank of Sri Lanka.

The President handed over the appointment letter on Thursday evening and Weerasinghe assumed duties on Friday morning.

Sri Lanka has been facing economic instability recently as a severe shortage of foreign currency has left the government unable to pay for essential imports, including fuel.

The island nation’s main opposition party, Samagi Jana Balawegaya (SJB) on Friday demanded the government to resolve the ongoing economic crisis or face a no-confidence motion.

ALSO READ: Lanka to exhaust $500 m credit line by India this month

Previous Story

UAEBBY launches 14th Etisalat Award for Arabic Children’s literature at LBF 2022

Next Story

IHC to invest AED 7.3 billion in Adani Group’s green portfolio

Latest from -Top News

Trump Treads Carefully on Taiwan

Trump confirmed that Taiwan would be among the topics likely to come up during his discussions with Xi…reports Asian Lite News As US President Donald Trump began his five-day tour of Asia

Rifts rock Yunus govt ahead of Bangladesh polls

As Bangladesh readies for 2026 polls, tensions within Muhammad Yunus’s interim government expose deep cracks between coalition partners and rising student factions vying for political influence. Bangladesh’s interim government, led by Nobel

India emerges as a global humanitarian powerhouse

India’s steady evolution into a global humanitarian leader reflects a fusion of compassion, strategy, and capability — a quiet revolution redefining power through empathy and decisive action. India’s foreign policy has undergone
Go toTop