Central Bank Governor answers questions after his “verbal spat” hit newspaper headlines

Central Bank Governor answers questions after his “verbal spat” hit newspaper headlines

Written by Staff Writer

28 Sep, 2015 | 9:06 pm

Attention was focussed, at a media briefing at the Central Bank on Monday, on an article published in The Sunday Times on Sunday, September 27 titled CB Governor, senior officials in verbal spat over transfers,

Journalist: Are you familiar with the article that appeared in the Sunday times Yesterday titled – CB Governor, senior officials in verbal spat over transfers?

Arjuna Mahendran: I saw that. I thought it was a gross distortion of what happened. Which was that I met up with some senior officials of the Central Bank.

Journalist: The article suggests that these were some of the people who testified against you at the parliamentary commission. You deny this?

Arjuna Mahendran: I totally deny that. We work as a team. People may have differences, yes, but we iron them out and we move ahead as professionals. That’s what we have been trained to do.

Journalist: You’ve transferred control of the conference rooms in, in this very building, to your department to prevent people having these kind of meetings. Is this true?

Arjuna Mahendran: -I did transfer the booking system. What had happened was the booking system was not computerized. And they were using paper ledgers to take these bookings down. So as part of the computerization process which was going on in my department, we decided to bring this also under that.

Speaking further, the Governor conceded that allowing the Sri lankan rupee to float freely in the market had depreciated its value.

Since liberalizing the rupee – dollar exchange rate, the rupee has dropped to around 141 rupees against the dollar.

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