No battles?

Thursday, 11 April 2013 01:24 - - {{hitsCtrl.values.hits}}

Treasury Secretary Dr. P.B. Jayasundera on Tuesday publicly set the record straight that there were no battles between him and the Central Bank Governor Nivard Cabraal.

Speaking at the launch of CB’s 2012 Annual Report with President Mahinda Rajapaksa presiding, Dr. Jayasundera emphasised that relations between him and Governor Cabraal were cordial, whilst being constructive.

“We debate, but there are no private battles. When John Exter founded the Central Bank, he had valid reasons to ensure the Finance Ministry Secretary has a seat on the Monetary Board. This was not a threat to the independence of the Central Bank but ensures better coordination and consensus,” Treasury Secretary noted.