Colombo, Sept 14 (newsin.asia) – Sri Lanka’s Opposition Leader Sajith Premadasa says that the government has decided to grant a political appointment to the post of Governor of the Central Bank delivering a death blow on the credibility of the Central Bank of Sri Lanka and it will inevitably undermine the confidence of international investors in Sri Lanka.
The key role of the Central Bank is to implement monetary policy, to pioneer the banking system, and to play a leading role in the overall financial process. Therefore, it is imperative that the Central Bank, which is responsible for making policy decisions on fiscal reserves, be kept separate from political influence, Sajith Premadasa mentions in his statement.
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