The Central Bank (CB) is yet to appoint a new deputy governor to a vacant position, nearly four weeks after S. Lankatillake retired from the post. Though the CB’s Monetary Board (MB) had submitted its nominee to fill the vacancy, the Finance Ministry has been dilly-dallying over the appointment amidst speculation that the terms of [...]

The Sunday Times Sri Lanka

CB Dep. Governor post still vacant

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The Central Bank (CB) is yet to appoint a new deputy governor to a vacant position, nearly four weeks after S. Lankatillake retired from the post.

Though the CB’s Monetary Board (MB) had submitted its nominee to fill the vacancy, the Finance Ministry has been dilly-dallying over the appointment amidst speculation that the terms of Mr. Lankatillake and Deputy Governor P. Samarasiri, due to retire on August 18, would be extended. Both were seen as close to former governor Arjuna Mahendran.

Since Mr. Lankatillake stepped down on April 30 on reaching the retirement age of 60 years, his position is yet to be filled as a result of which seven divisions which came under him including EPF and Human Resources are temporarily handle by Governor Indrajit Coomaraswamy.

Trade union officials they were hoping that the new Finance Minister Mangala Samaraweera would formally approve the MB nominee for the vacancy than delay the process. The MB had sent their nominee, selected among the most senior Assistant Governors, soon after interviews were conducted on April 4.

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