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Cabraal Back On The Govenors Seat? 
Posted 8,September

By Chaveendra Dunuwille

In Local News

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It would seem that the position of the governor of the Central Bank of Sri Lanka will be filled by State Minister Ajith Nivard Cabraal.

When asked whether he would once again assume the role of governor he had simply stated “Can’t Deny. Can’t Confirm”.

State Minister Cabraal served as the governor of the Central Bank of Sri Lanka from July 1st, 2006 up until his resignation on January 9th, 2015. During his time he is credited with enhancing Sri Lanka’s reserves, the overall improvement of macroeconomic fundamentals, keeping low-interest rates, and maintaining a stable exchange rate under constant rupee depreciation.

If the rumors are indeed true State Minister Cabraal will be replacing the current governor, Prof. W.D. Lakshman and will forgo all his ministerial privileges. He will also have to put a hold on the larger political goal of being a cabinet minister.

According to some reports the minister is willing to forgo these privileges and has stated to some of his close associates that the “CB governor position is critical and the need of the hour”