The Monetary Board, at its meeting held on 31st August 2017 has promoted Mrs. K M A N Daulagala, Mrs. S Gunaratne, Mr. N W G R D Nanayakkara, Mrs. T M J Y P Fernando, Mr. J P R Karunaratne and Mrs. K Gunatilake, six Staff Class Grade IV officers, to the post of Assistant Governor with effect from 31st August 2017. These promotions have been made to ensure the smooth functioning of the Bank by filling the vacuum created in the Assistant Governor position due to promotions and retirements during the period from May 2016 to August 2017.

Mrs. K M A N Daulagala

Deputy Secretary to the Monetary Board as the Assistant Governor in-charge of Finance Department and Staff Services Management Department in addition to her duties as the Deputy Secretary to the Monetary Board.

Sri Lanka’s external sector showed signs of revival with a significantly improved trade balance and continuous inflows to the government securities market in June 2017. A substantial growth in industrial and agricultural exports and a decline in importation of consumer and intermediate goods resulted in a notable improvement in the trade balance in June 2017. Inflows to the financial account were characterised by steady inflows to the government securities market while foreign investment in the Colombo Stock Exchange (CSE) also remained positive during the month. Other major receipts to the current account remained moderate with the decline in workers’ remittances while tourist earnings recorded a modest growth. The positive developments in the financial account and gradual increase in export proceeds stabilized the foreign exchange market and resulted in an increase in gross official reserves by end June 2017 compared to the beginning of the year.

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