Rajeev Amarasuriya has formally resigned from the Governing Board of the Central Bank of Sri Lanka (CBSL), citing his upcoming responsibilities as the incoming President of the Bar Association of Sri Lanka (BASL).

Amarasuriya, who was appointed to the CBSL Governing Board with effect from 30 January 2024 for a six-year term ending in January 2031, tendered his resignation in accordance with Section 18 of the Central Bank of Sri Lanka Act No. 16 of 2023.

His appointment also included membership in the CBSL’s Monetary Policy Board.

In a letter addressed to the President, Amarasuriya stated that while his role at the Central Bank was of “national importance and priority,” his new office as the 29th President of the BASL required significant time and commitment.

“There is much work that is required to be performed in this role,” he wrote, noting that his responsibilities at the Bar would now take precedence.

He assured that he would continue to serve on the CBSL Board in compliance with the required minimum notice period, allowing for the appointment of a successor.

Reflecting on his tenure, Amarasuriya said he had been privileged to serve under the newly established Central Bank Act, which enshrines the independence of the CBSL.

He also expressed confidence that future appointments to the Governing Board would uphold this independence and remain free from political or government influence.

“I believe that I was able to add value and make a positive contribution in supporting the economic stabilisation and recovery of the country coming out of an unprecedented crisis, and the repositioning of Sri Lanka on a growth trajectory,” he stated.

He extended his gratitude to the CBSL Governor, fellow members of the Governing and Monetary Policy Boards, and the Central Bank’s staff for their support during his tenure.