Shakila Ifham

June 8, 2022

CB Retired Executive Officers’ Association urges President to take all possible steps to prevent*  

removal of Governor Dr. Weerasinghe

The Central Bank Retired Executive Officers Association yesterday urged that all possible measures be taken to prevent the removal of Central Bank Governor Dr. Nandalal Weerasinghe if there are any such moves as his removal will expose the whole nation to a disastrous catastrophe.

In a letter to President Gotabaya Rajapaksa, the Association has expressed grave concern about reports of efforts to remove Dr. Weerasinghe from the post.

This is not a time to experiment as the situation is grave, the letter stated.

Noting that Dr. Weerasinghe was appointed to the Governor post on 07th April 2022 for the balance period of the term of previous Governor Cabraal after the latter’s resignation. As per Rule 13. (2) of the Monetary Law Act, the Central Bank Retired Executive Officers Association requested the President to re-appoint Dr. Weerasinghe to the post of Governor of the Central Bank for the coming six-year period commencing from the 1st of July 2022.

The Association strongly believes in the competency and commitment of Dr. Weerasinghe to restore the confidence in the CBSL as an independent and professional to discharge its responsibilities at this critical juncture.

“If anyone is contemplating removing him from his position as the Governor of the Central Bank of Sri Lanka, we see it as a highly unpatriotic move with entirely ulterior motives. We categorically condemn such efforts on all counts”, the letter added.