Sri Lankan government to restructure central bank

Central Bank of Sri Lanka
Central Bank of Sri Lanka Headquarters. Photo: Amithasundar
Photo: 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

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