Sri Lankan government to restructure central bank

Central bank to be restructured in 2017, although disagreements between the finance minister and governor remain

Central Bank of Sri Lanka
Central Bank of Sri Lanka Headquarters. Photo: Amithasundar
Amithasundar/Wikimedia Commons

The government of Sri Lanka has announced its intention to restructure the central bank, although the finance minister and central bank governor disagree on many details.

In a January 3 speech outlining the central bank's road map for 2017, governor Indrajit Coomaraswamy acknowledged the government's plans and "very much welcome[d] a constructive restructuring process".

Coomaraswamy called for an "upgrade" to the Monetary Law and Banking acts to give the central bank "greater powers" over

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.