Dr. Nandalal Weerasinghe tipped as next CBSL Governor

April 5, 2022 at 9:31 AM

Dr. P. Nandalal Weerasinghe is set to take over as the Governor of the Central Bank of Sri Lanka (CBSL).

Dr. Nandalal Weerasinghe currently serves as the Senior Deputy Governor of the Central Bank. 

According to reports, Dr. Weerasinghe has accepted the appointment and is set to assume duties on Thursday, the 7th of April 2022.

Opposition MP Dr. Harsha de Silva has welcomed the nomination of Dr. Nandalal Weerasinghe as the new Governor of the Central Bank of Sri Lanka (CBSL).

MP Harsha de Silva said the opposition is ready to extend its support to Dr. Weerasinghe to undertake reforms including the International Monetary Fund (IMF) program to stabilize Sri Lanka’s economy.

“We welcome Dr Nandalal Weerasinghe to @CBSL. We are ready to extend our support him to undertake reforms including @IMFNews program to stabilise #SriLanka economy assuming Pres @GotabayaR will replace the entire Monetary Board. Best to reappoint the two members he sacked,” MP Harsha de Silva said.

Dr. P. Nandalal Weerasinghe was promoted to the position of Deputy Governor on 27 September 2011 while he was serving as an Alternate Executive Director at the International Monetary Fund. He assumed office as Deputy Governor of the Central Bank of Sri Lanka on 01 September 2012.  

Dr. Weerasinghe has a Ph.D. and Master’s Degree in Economics from the Australian National University and a B.Sc. Degree from the University of Kelaniya in Sri Lanka.  

Dr. Weerasinghe is the Chairman of the Monetary Policy Committee and the Foreign Reserve Management Committee of the Central Bank of Sri Lanka (CBSL). 

Prior to his nomination, he functioned as Deputy Governor of the CBSL supervising the Departments of Economic Research, Statistics, International Operations, Domestic Operations, Macroprudential Surveillance, Exchange Control, Currency, and Communications.

If appointed, Dr. Weerasinghe replaces former Central Bank Governor Ajith Nivaard Cabraal, who resigned from his post yesterday in line with the resignations of the Cabinet of Ministers. 

The Cabinet was forced to resign after the people took to the streets demanding the resignation of the President and his Government over the worsening economic crisis. 

The public has continued their peaceful protests despite the President imposing a state of emergency and a curfew. (NewsWire)