The Central Bank of Sri Lanka (CBSL) has written to Colombo Telegraph offering a clarification on the news story published yesterday (March 27) titled ‘President Stops Gazette On Transferring Central Bank From Ranil To Mangala,’ where it was mentioned that State Minister Dr. Harsha De Silva had summoned the Monetary Board against established procedure.
The Director, Communications, CBSL states that De Silva had only ‘convened a meeting of stakeholders to resolve a longstanding issue’ and that two independent members of the Monetary Board had wanted to take part in the discussion. (see full text of the ‘clarification’ below).
However a Central Bank official who wished to remain anonymous told Colombo Telegraph ‘they have been caught with their pants down. The two independent members had no business to participate in a meeting of stakeholders of a controversial national payments platform.’
‘It means that those Monetary Board members have no free will when the matter comes up at the Board. Another conflict of interest like the infamous bond scam’ he added, observing that ‘Board members should know their governance (protocols) when they participate in such meetings; they are like Supreme Court judges who are not expected to dine and wine with the accused or lawyers (who) appear before them.’