President Maithripala Sirisena’s oneupmanship game with coalition partner and prime minister Ranil Wickremesinghe took a new turn when he transferred the Central Bank from Wickremesinghe to the Minister of Finance Mangala Samaraweera,
Earlier, as acknowledged by the President’s Secretary Austin Fernando, a gazette notification was prepared to be released at midnight on March 27th. This was despite representations being made to the President by Wickremesinghe and his trusted lieutenant Malik Samarawickrema the previous night (26th).
However, for unknown reasons, the gazette was put on hold. However, Colombo Telegraph learns that it’s now a done deal and that the Central Bank will indeed come under Minister Samaraweera.
In addition, the Securities and Exchange Commission will also come under Samaraweera, according to the relevant gazette notification dated March 28, 2018.