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

Modi, Putin Discuss Alaska

Russian President Vladimir Putin on Monday spoke with Prime Minister Narendra Modi, sharing his assessment of last week’s meeting with US President Donald Trump in Alaska PM Modi reiterated India’s consistent stance

Wang Yi Arrives In Delhi

In July, EAM Jaishankar attended the SCO Meeting of the Council of Ministers of Foreign Affairs in Tianjin, meeting his Chinese counterpart and calling on Xi Jinping alongside other SCO Foreign Ministers

Peace Key To India-China Ties

Wang Yi is scheduled to hold a fresh round of Special Representatives dialogue with NSA Ajit Doval on the boundary question and later call on Prime Minister Narendra Modi Emphasising the importance

Egypt, Palestine PMs Discuss Gaza

Palestinian Prime Minister Mustafa highlighted that the Arab-Islamic peace plan stresses reconstruction of Gaza without displacement of its people Egyptian Prime Minister Mostafa Madbouly and his Palestinian counterpart Mohammad Mustafa met in

European Leaders Join Zelensky

The White House meeting comes after a tense encounter in February when Trump berated Zelensky in front of US Vice-President J.D. Vance, underscoring why Kyiv is now bringing allies to strengthen its
Go toTop