President takes away CB from PM and gazettes under FM

28 March 2018 06:38 pm - 16     - {{hitsCtrl.values.hits}}

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In an Extraordinary Gazette issued today, President Maithripala Sirisena moved two key institutions; the Central Bank and the Securities and Exchange Commission (SEC); which were under the National Policies and Economic Affairs Ministry headed by the Prime Minister, back to the Finance Ministry.

The Gazette Notice, which bears No: 2064/26 said the two institutions would be immediately placed under the Minister of Finance and Mass Media.

"Formulation of monetary policies and macroeconomic management in coordination with the Central Bank of Sri Lanka and monitoring revenue collection and expenditure would be carried out by the Finance Ministry," the notice said.

Meanwhile, a number of items including the Monetary Law Act, Public Utilities Commission, Exchange Control Act, Securities and Exchange Commission, National Youth Council, Youth Corps Act, Children and Young Persons Ordinance and the National Insurance Trust Fund Act had been omitted from the Prime Minister's Ministry.

The Monetary Law Act and the Securities and Exchange Commission had been placed under the Finance Ministry.

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  Comments - 16

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  • Sunil Wednesday, 28 March 2018 07:36 PM

    He is definitely on his way out with his Royal cronies.

    Duminda Wednesday, 28 March 2018 07:44 PM

    Excellent !! Wait and see now who is coming to invest in Sri Lanka?. What is going on this country.

    High Inflation Thursday, 29 March 2018 09:21 AM

    Tell me who came to invest during RW regime ? No investor will come during high inflationary time because LKR value is depreciating.

    Gayan Wednesday, 28 March 2018 07:46 PM

    First nail to the coffin.

    Pushpakumara Wednesday, 28 March 2018 07:48 PM

    This is a very good move. In case the PM survives the NFM, his wings should be clipped.

    De Silva Wednesday, 28 March 2018 07:50 PM

    If he has any self respect he should resign now

    Ceylon Wednesday, 28 March 2018 08:50 PM

    If has any respect sirisena must resign and go to jail fir his traitorous acts during as president.

    Nova Wednesday, 28 March 2018 09:44 PM

    Real patriotic person will like this comment

    KJ Thursday, 29 March 2018 05:56 AM

    De Silva.. he's a Royalist!!

    rohantha Wednesday, 28 March 2018 08:43 PM

    Either he should Fight or Go, without wasting time.

    malij Wednesday, 28 March 2018 08:58 PM

    Bull in a China Shop????

    Unchikun Wednesday, 28 March 2018 09:07 PM

    Well done sir. Still not too late to steady the ship by damping the excess dead weight.

    Sim Wednesday, 28 March 2018 09:20 PM

    What does My3 know about policies? To safeguard his position in the SLFP he appointed MP’s who were rejected by the people and now they are calling the tune.

    saman Thursday, 29 March 2018 04:19 AM

    Wings are being clipped gradually!

    sena* Thursday, 29 March 2018 09:21 AM

    How he able to afford to face such insults,what a sin he had done to suffer like this,Sajith nicely waiting till it come to his door step,

    Freddy Yong Thursday, 29 March 2018 09:50 AM

    The Jokers Organization is going to start licking their wounds come dawn of 5th April. However, It would appear that the President is becoming pro-active before the 4th April battle which is good thinking.


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