Sri Lankan president takes responsibility for central bank away from PM

Prime minister faces no-confidence vote over central bank “bond scandal”

Central Bank of Sri Lanka
The Central Bank of Sri Lanka
Amithasundar/Wikimedia Commons

Sri Lanka’s president has taken the responsibility for the central bank away from the country’s prime minister and given it to the finance minister.

The move follows strong public criticism of PM Ranil Wickremesinghe for his role in the central bank “bond scandal”. Wickremesinghe will face a vote of no confidence in the country’s parliament tomorrow (April 4) over his handling of the scandal, locally based reporters say.

President Maithripala Sirisena published an official decree on March 28

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