Courtesy Hiru News

The Governor of the Central Bank Dr. Nandalal Weerasinghe says that the law and order situation in the country is not functioning properly which will not help in overcoming the economic crisis.

The Governor of the Central Bank stated this while participating in a media briefing.

He points out that there is a dysfunctional situation in the country where there is no Prime Minister, no Finance Minister and only an Executive President who does not take any action in Parliament.

The Governor further said that a stable system of governance and a stable government should be appointed as soon as possible.

He pointed out that this is the main responsibility of the 225 people’s representatives and the President.

Sri Lanka’s central bank will also announce a daily trading band for the rupee dollar exchange rate to prevent high off market premiums being charged from importers by exporters and stabilize volatility, Central Bank Governor Nandalal Weerasinghe said.

“The band will be based on the previous day’s price and a plus or minus margin,” Governor Weerasinghe told reporters in Colombo.

The Governor further stated that it is essential to appoint a government capable of maintaining law and order in the country in a better manner and points out that if this situation continues for a few more days, there could be a power cut of more than 10 hours and a shortage of fuel.

The Governor of the Central Bank further stated that he condemned the attack on those who were engaged in a peaceful struggle.

Meanwhile the Governor of the Central Bank Dr. Nandalal Weerasinghe states that he will resign from his post if political stability is not established in the country.