Ranjith Bandara denies Central Bank Governor rumors

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With speculations of MP Prof. Ranjith Bandara giving up on his parliamentary seat and taking over the Central Bank of Sri Lanka intensifying, Prof. Bandara came forward to deny these speculations.

Speaking to The Morning Business yesterday (28), Prof. Bandara said he was not subjected to such an appointment thus far, even though a piece of news was being aired.

“No one has communicated to me (regarding the appointment in CBSL) and I also noticed that such news have been aired,” he said, denying news of the aforesaid designation was granted to him.

According to the circulating news report, his appointment comes following him expressing his willingness to resign from his current position at Parliament to let former MP Basil Rajapaksa to attend Parliament from the National List.

Moreover, it is said that the former parliamentarian will be sworn in as the Minister of Finance and Economic Development. Rajapaksa returned to the island last Thursday (24) morning, following a visit to the US.

CBSL Governor Prof. W.D. Lakshma

Speaking to us, incumbent CBSL Governor Prof. W.D. Lakshman said he was unaware whether a new governor had been appointed. “That has to be checked from wherever the news came from.”

Prof. Lakshman assumed duties in his post as CBSL Governor on 24 December 2019. His appointment was made by President Gotabaya Rajapaksa after the resignation of former CBSL Governor Dr. Indrajit Coomaraswamy.

He is an economist who has rendered his service as a Vice Chancellor to the University of Colombo and has also served as Chairman of the Presidential Commission on Taxation in Sri nLanka, while he was noted for his involvement in policy-related activities.

Prof. Bandara was a senior professor at the Department of Economics at the University of Colombo till he was appointed as an MP through the National List of Sri Lanka Podujana Peramuna (SLPP). He is also the Founder, Chairman, and Head of the Colombo School of Business and Management (CSBM).

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