Financial Times

Welgama new member of Monetary Board

Nimal Welgama, Group Managing Director of the Upali Group, has been appointed by President Mahinda Rajapaksa as a member of the Central Bank’s Monetary Board with effect from July 3.

His term of office will be for the remaining period of office of Deva Rodrigo who resigned from the Board with effect from February 15, 2006.

Welgama’s term of office will be upto May 7, 2009.

The 5-member Monetary Board now consists of the Central Bank Governor Ajith Nivard Cabraal, as Chairman and Treasury Secretary Dr P B Jayasundara, Chandi Chanmugam, Tilak de Zoysa and Welgama as members.

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