Economic situation will worsen if political stability is not established – Central Bank Governor
Posted by Editor on May 11, 2022 - 3:34 pm
Nandalal Weerasinghe – Governor of the Central Bank of Sri Lanka (REUTERS / Dinuka Liyanawatte)
The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that the economic situation in the country will become worse if political stability is not established soon.
Speaking to reporters in Colombo today (May 11), Dr. Weerasinghe warned that if political stability is not achieved within two weeks, he would not remain as the Governor of the Central Bank of Sri Lanka.
The Central Bank chief condemned the attacks on peaceful protestors and the events that followed, including setting houses on fire, shootings, and looting.
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Well said sir! Many hold the President fully responsible for not quelling the attacks on protesters and the assaults, killings and destruction of property that followed in the aftermath. The hooligans and thugs have been allowed to grab power and run the country and clearly they are not concerned that their actions have the effect of pushing the country into a deeper hole with tourists and foreign investors running away and not returning for a long time, if ever! All indicators were pointing to the impending anarchy that we saw two days ago, but no action was taken to address it.
As shareholder in Aloysius and Co, could you please return least part of the loot to Govt coffers?
The nation can then become 100% debt free.