Both Dr. Ranee Jayamaha and Sanjeeva Jayawardena submitted their resignations well before the Supreme Court made its final judgement on 14.11.2023 with regard to the Fundamental Rights Case filed on Economic Crisis, the Central Bank said.
Releasing a statement, the Central Bank said Dr. Ranee Jayamaha who was a member of the Monetary Board (MB) since 29.07.2020 tendered her resignation from MB with effect from 12.09.2023, and therefore was not a member of the Governing Board (GB).
Sanjeeva Jayawardena P.C., Appointed Member who continued as a member of GB tendered his resignation with effect from 05.
11.2023, the statement further said.
Governing Board (GB)
The present GB of CBSL consists of Dr. P Nandalal Weerasinghe as the Chairman of GB and the Governor of CBSL, A N Fonseka, and newly appointed members, Dr. Ravi Ratnayake (appointed on 21.09.2023), Anushka S. Wijesinha (appointed on 21.09.2023) and Vish Govindasamy (appointed on 26.10.2023).
Monetary Policy Board (MPB)
The President has appointed Dr. Dushni Weerakoon and Dr. Priyanga Dunusinghe as Members of MPB of the Central Bank with effect from 21.
09.2023 in terms of Section 15 of the CBSL Act with the approval of the Constitutional Council.
The above two members are the technical experts joining MPB along with members of the Governing Board and the Deputy Governors in-charge of Price Stability and Financial System Stability.