CBSL Governor to resign if political instability continues

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Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe says he will step down from the post if political stability is not achieved within the next week or two.

I took on this responsibility with expectations that political stability will be established within two weeks since the Mirihana incident. It’s been more than a month with no progress. I do not wish to continue in this post if political stability is not achieved,” he said in this regard.

Addressing a press briefing in Colombo today (11), Weerasinghe noted that if the ongoing crisis continues in Sri Lanka with no government in place, the situation is likely to worsen.

“If the current situation continues in the next two days, we could have 10 to 12-hour power cuts daily, massive shortages of fuel, and other essential items further deteriorating the current situation,” he said, adding that political instability will only further worsen the current crisis,