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Sri Lanka: President Gotabaya Rajapaksa appointed new central bank chief amid economic crisis, will the situation change?

Sri Lankan President Gotabaya Rajapaksa on Friday appointed the brand new head of the central financial institution amid the present financial disaster, in accordance with an official assertion. Nandlal Weerasinghe has been appointed governor of Sri Lanka’s central financial institution following the resignation of Ajit Nivard Cabral earlier this week, Xinhua information company reported.

The President’s Media Division mentioned in a press release that Wirasinghe has in depth expertise within the monetary sector and has held a number of positions on the Worldwide Financial Fund and Sri Lanka’s central financial institution.
The President handed over the appointment letter on Thursday night and Wirasinghe assumed workplace on Friday morning.

Sri Lanka has been dealing with financial instability not too long ago, as a extreme overseas change scarcity has left the federal government unable to pay for important imports, together with gasoline.
The island nation’s foremost opposition occasion, Samagi Jana Balvegaya (SJB), on Friday demanded the federal government to resolve the continued financial disaster or face a no-confidence movement.

With enter from IANS

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