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Dr. Indrajit Coomaraswamy Named ‘Sri Lankan Of The Year’

The Governor of the Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy has been named as LMD’s Sri Lankan Of The Year (SLOTY) award for 2016. We publish below the award citation in full: The Central Bank of Sri Lanka (CBSL) has been the subject of increased scrutiny over the last year and more, to a degree […]

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New Central Bank Chief Indrajit Coomaraswamy Says He Will Fear No One

While emphasizing the need for integrity in leadership, new Central Bank Governor Dr. Indrajit Coomaraswamy has declared that he will fear no one while discharging his duties. Addressing the staff of the bank today, soon after assuming duties as the 14th Governor, Coomaraswamy said, “During my meeting with President Maithripala Sirisena, he told me ‘do […]

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The Indrajit Coomaraswamy Issue: A Matter Of Decency

By Dayan Jayatilleka – The issue of the appointment of Dr. Indrajit Coomaraswamy as the Governor of the Central Bank is a defining one. It is an issue on which one has to stand up and be counted. It is a moral issue; one which concerns the kind of Sri Lanka one wishes to have. […]

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Sirisena Appoints Indrajit Coomaraswamy As Central Bank Governor

President Maithripala Sirisena today appointed Economist Dr. Indrajit Coomaraswamy as the Governor of Central Bank. Dr. Coomaraswamy was the former Director Economic Affairs at the Commonwealth Secretariat. Sirisena tweeted that he had made the appointment after consulting ‘all parties concerned.’ A product of Royal College, Colombo and Harrow School in England, he gained his undergraduate […]

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An Open Letter To Dr. Indrajith Coomaraswamy, The New Governor Of The Central Bank!

By Hema Senanayake – Dear Sir, Finally we have a new governor appointed to the central bank. It’s you. After assuming duties you declared that you fear no one in discharging your duties. We, the readers and contributors to Colombo Telegraph eagerly waited for such a person to be appointed as the new governor for […]

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Let SEC Supervise Bond Issues And Related Secondary Market Transactions: Jayaratne Tells Coomaraswamy

Good governance activist and former Chairman of the Ceylon Chamber of Commerce, Chandra Jayaratne has requested the new Central Bank Governor, Dr. Indrajit Coomaraswamy, to let the Securities and Exchange Commission (SEC) be the regulatory oversight over Government bond issues and the related secondary market transactions. In a letter addressed to Dr. Coomaraswamy on July […]

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Perpetual Treasuries Says Facing Risk Of Bankruptcy

Perpetual Treasuries Private Limited, which just last year recorded of profit of over Rs. 5 billion has said that it faces the risk of going bankrupt. The claim was made, when it filed a writ application in the Court of Appeal seeking an order restraining Central Bank against a decision taken to curtail operations of […]

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Central Bank Governor Directs IGP To Investigate Perpetual Treasuries

Governor of the Central Bank Dr. Indrajit Coomaraswamy has instructed Inspector General of Police to conduct an investigation into Perpetual Treasuries, the primary dealer of the Central Bank. The Monetary Board has meanwhile also decided to curtail operations of the company, with links to ex-Governor Arjuna Mahendran’s son in law Arjun Aloysius. Apart from the […]

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Rich Man, Poor Man, Beggar Man, Thief

By Sarath de Alwis – The combination of the two titles of Irvin Shaw’s novel is depictive of the troubled but hopeful times we live in. The liberal minded souls are gasping for breath in the Diyawanna swamp, grappling with facts and alternative facts. We too, have our supply of Trumpists. The day after the […]

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Steamrolling Of Central Bank By Minister Of Finance: An Unsavoury Development?

By W.A Wijewardena – An unsavoury rift between the Central Bank and Minister of Finance A growing rift between Finance Minister Ravi Karunanayake and the senior management of the Central Bank is surfacing now, worrying both financial markets and prospective foreign investors. The relationship between the Finance Minister and the Monetary Board of the Central […]

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