The Hon. Ravi Karunanayake
Ravi Karunanayake questioned the Deputy Minister’s claim that there is no government money printing, arguing that money creation occurs daily and asking whether it is asset-backed or implies monetary contraction. He also raised concerns about the Central Bank Governor or representative serving on bodies such as the Gambling Regulatory Authority and engaging in government-related negotiations or promotion, saying this may undermine the Central Bank’s independence established by Parliament. He urged that such anomalies be corrected constructively.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Speaker, the Hon. Deputy Minister’s time has lapsed. I have two questions to him. Money printing occurs daily—whether asset-backed or not is the question. If you say there is no Government money printing, then there is contraction.
¶ 02 Secondly, the Deputy Minister said the Central Bank Chief or his envoy is on the Gambling Regulatory Authority. This House made the Central Bank independent. He goes for textile negotiations; to Singapore for investment promotion. How can an independent institution be made non-independent by placing him on such bodies? This makes Parliament a joke. My intent is constructive: let us correct anomalies together.
Provenance
- Source
- Hansard, Tuesday, 19 August 2025 ·No. 1755860432040633 ·English daily/uncorrected Hansard
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Cite as: The Hon. Ravi Karunanayake. 10th Parliament, Parliament of Sri Lanka. Hansard, 19 August 2025. No. 1755860432040633. Politick, https://staging.politick.io/lk/speeches/6641