Sun, 24 Oct 2021 Today's Paper

Cabraal to step down as MP to take over Central Bank

7 September 2021 10:04 am - 53     - {{hitsCtrl.values.hits}}

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State Minister of Money and Capital Markets, and State Enterprise Reforms, Ajith Nivard Cabraal is to step down from his portfolio and resign as a member of parliament to be sworn in as the Governor of the Central Bank.

The Daily Mirror learns that Cabraal will take over the Central Bank, replacing existing Governor Professor W.D. Lakshman who will take up a senior position in the IMF. 

When the Daily Mirror contacted Minister Cabraal, he neither confirmed nor denied the news.

Cabraal will be taking over the Central Bank at a time when the country is facing a foreign exchange crisis. (JAMILA HUSAIN)

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  Comments - 53

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  • Damian Tuesday, 07 September 2021 10:22 AM

    Dont we have more capable people in this country than this Donkey. He has displayed all capabilities and results are well known

    The Saint Tuesday, 07 September 2021 10:43 AM

    He is coming to collect his pension

    BuffaloaCitizen Tuesday, 07 September 2021 10:46 AM

    Good people will leave, Ali Baba's henchies are taking over. No wonder Emergency has been declared without a factual threat.

    SamWeera Tuesday, 07 September 2021 11:01 AM

    My questions is where is IMF thinking from in giving a senior position to the current CBSL Head.

    Ali Tuesday, 07 September 2021 01:39 PM

    Keep as eye. You may not have your pension

    BuffaloaCitizen Tuesday, 07 September 2021 01:46 PM

    @SamWeera employ the idiot monkey to sing to IMF on what is actually happening inside Central Bk.

    Citizens for truth Tuesday, 07 September 2021 10:26 AM

    Government not going to IMF and businesses and general public suffer daily as no goods in the market

    Bandara Tuesday, 07 September 2021 10:29 AM

    A person who said Money printing has no relation with inflation is becoming the governor of SL.

    Concerned Tuesday, 07 September 2021 10:31 AM

    Here we go again.we never learn.

    odiris Tuesday, 07 September 2021 10:32 AM

    Same shit new toilet....... hahaha nothing more could be asked eyyyy

    Mizaru Tuesday, 07 September 2021 10:32 AM

    Ha Ha Ha! The man who said printing money can solve all Sri Lanka's financial problems. I presume this is a face saving appointment.

    joshua Tuesday, 07 September 2021 10:33 AM

    This SLPP appoints only incapable stooges of theirs to the post. Now we can see great artificial numbers from CB.

    TJ Tuesday, 07 September 2021 10:35 AM

    This shows the gradual deterioration of professionalism in this country. IMF too seems to be short of professionals.

    Mizaru Tuesday, 07 September 2021 10:35 AM

    What a strange move. As the state minister the Central Bank comes under "Kabal Rala". Why quit his minister post and get demoted. This is a Nanadasen face saving passing the buck.

    ravin Tuesday, 07 September 2021 10:47 AM

    What we know is people who got used to robbary will never stop robbing. What we do not know is why the rulers do not realize the reality.

    Buruwa Tuesday, 07 September 2021 10:50 AM

    He is not an economist, he is just an accountant. End of the sovereignty of the CB.

    Munsir Tuesday, 07 September 2021 10:51 AM

    IMF must have impressed with the service of current governer

    Jameel Tuesday, 07 September 2021 10:54 AM

    This fellow will ruin Central Bank again. Oh my God, save SriLanka.

    Cab Roller Tuesday, 07 September 2021 10:55 AM

    God help us! I thought this country had hit rock bottom! Now we are heading into subterranean depths. Watch this clown destroy what's left of my beautiful motherland.

    muthutantri fernando Tuesday, 07 September 2021 10:55 AM

    Ohh so that's why the pension request?

    M.K. Ariyapala Tuesday, 07 September 2021 10:57 AM

    Is our President is deaf or blind? Does he know about the history of Ajith Gabral.

    vince Tuesday, 07 September 2021 12:59 PM

    both and dumb too.

    Samson Tuesday, 07 September 2021 10:57 AM

    He has displayed capabilities previously. Don't we have anyone else?

    Das Das Tuesday, 07 September 2021 10:59 AM

    Then we could expect the "End" of SriLanka. There are so many learned and wise people than this idiot suitable for this position.

    Niroshan Tuesday, 07 September 2021 11:00 AM

    Hope he's not going to charge the state for resigning. Now that hes after a pension. Old fart.

    Ramon Alwis Tuesday, 07 September 2021 11:12 AM

    Namal or Yositha would be better even wimal will do it seems that the prez is already using his unlimited power..or is Cabral only a shadow Governer..God bless Sri Lanka

    vince Tuesday, 07 September 2021 09:34 PM

    namal or yoshita? are you crazy or plain dumb? Maybe too much whacky backy.

    Aiyo Tuesday, 07 September 2021 11:48 AM

    Aiyo :-(

    mnsmart Tuesday, 07 September 2021 11:51 AM

    to expedite the fall?

    Amil Tuesday, 07 September 2021 11:59 AM

    Ajit Cabral, was first appointed by CBK. Can't be a bad choice.

    Nahil Wijesuriya Tuesday, 07 September 2021 12:56 PM

    That's not CBK's only Stupidity.

    Bandu Tuesday, 07 September 2021 12:03 PM

    When I read the comments, all having such bad impressions of the current lot, I wonder how the SLPP got so many votes in Colombo and suburbs.

    BuffaloaCitizen Tuesday, 07 September 2021 01:52 PM

    According to Gota, he was proud he got the full Sinhalese votes 69%. Others realize how such a race can be single handedly so stupid.

    Kaisar najimudeen Tuesday, 07 September 2021 12:23 PM

    As a first step he had revalued LKR against hard currencies. Which resulted in the ROE exchange against USD to go down by 25 rupees.. yesterday was at 224 and today 198

    Truth matter Tuesday, 07 September 2021 12:29 PM

    You cannot get rid of headache by changing the pillow .. What is wrong these people . The fundamental of our economy are shaking and now these innept politicians change the pillow for the headache . Sri Lanka will never learn lessons .

    L De Silva Tuesday, 07 September 2021 12:30 PM

    Greek Bonds here we come!! Talk about putting the fox in charge of the hen house!! A central bank Governor's pension is 15 times that of the President! When the country is in dire financial straights, retiring Central Bank governor approves pensions for former governors with retrospective effect!! Nice work, Lakshman! Before joining the financial Mafia!!

    Anthony. R Tuesday, 07 September 2021 12:36 PM

    "Aiyo" is this nation short of capable person for this position, or is it to Aid and abating someone, Disaster, to our motherland. His past record with CBSL is loud and clear, wonder if our President is Blind and Deaf.

    Gona Tuesday, 07 September 2021 12:38 PM

    Alibabanis's brother the minister and this corrupt henchmen at the helm of CB of banana Republic. Oh power of nature. Where are you?

    Ram Tuesday, 07 September 2021 12:48 PM

    Lakshman is an old school person and may not be flexible to Raja Niyoga. Ajith Navad will oblige all Raja Niyoga

    Manel Fonseka Tuesday, 07 September 2021 12:49 PM

    IMF offers a senior position to a retired economist who's over 80!

    Lumbini Tuesday, 07 September 2021 12:55 PM

    Professor Lakshman to a senior position in the IMF? God help the IMF!

    Siribiris Tuesday, 07 September 2021 01:05 PM

    Soo happy . Another Greek bond . Employees ! Take a print out of e.p.f. and e.t.f. balances before data vavanishes .

    Kalusena Tuesday, 07 September 2021 01:21 PM

    Why? Because that’s where all the money is .

    angel Tuesday, 07 September 2021 01:41 PM

    such a ploy, so that moving one post senior would give the country some '' free money'' whilst incumbent CBSL head can transfer to some pockets which are already full :) . Whom are we kidding ? :)

    Muthutantri Fernando Tuesday, 07 September 2021 01:57 PM

    Is IMF having covid to recruit an 80 executive?

    Anton Weerasinghe Tuesday, 07 September 2021 02:07 PM

    R I P Sri Lanka

    fulltoss Tuesday, 07 September 2021 02:10 PM

    @bandu they won due to computer gilmart! And part of 6.9 million intelligent voters living here

    Eran Tuesday, 07 September 2021 02:47 PM

    Is going to buy Greek Bonds this time too?

    vithura Tuesday, 07 September 2021 03:26 PM

    This is the final straw that breaks any little hope of the country's recovery!!

    SL Citizen Tuesday, 07 September 2021 04:50 PM

    what a joke.. a shame for St Peters College..

    Dushan Tuesday, 07 September 2021 05:57 PM

    God help us all!

    Dperera Tuesday, 07 September 2021 06:13 PM

    My deepest Sympathy...RIP SL.

    GGYT Tuesday, 07 September 2021 08:02 PM

    Unlike Ranil Wickremasinghe's Arjun Mahendran this man deserves the JOB.


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