Listing Central Bank under PM: Unworkable legally and operationally but a step toward bank’s independence

The Central Bank under the Prime Minister- January 26, 2015
The gazette notification issued by President Maithripala Sirisena allocating subjects and institutions among different ministries has placed the Central Bank of Sri Lanka under the Ministry of Policy Planning, Economic Affairs, Child, Youth and Cultural Affairs headed by Prime Minister Ranil Wickremesinghe (http://www.ft.lk). This is a departure from the previous practice of listing the Central Bank under the Ministry of Finance.

Confused markets speculate on the reasons

Listing Central Bank Under PM Unworkable Legally and Operationally but a Step Toward Bank’s Independence by Thavam Ratna