By Sri Lanka’s central bank governor has briefed members of parliament in fulfillment of the legal requirement of Section 80 (2) (a) of the Central Bank of Sri Lanka Act, No. 16 of 2023.
The act mandates that the parliament or a committee inquire into the duties performed by the bank every four months.
Governor Nandalal Weerasinghe pointed out that inflation has been brought down to 5 percent and the policy interest rate has been brought down, according to a parliament statement.
Weerasinghe said it was possible to strengthen the rupee by “stabilizing the exchange rate through the strengthening of reserves”.
The governor addressed concerns raised by the MPs on the current financial situation
