P Nandalal Weerasinghe: Evolution of monetary and exchange rate policy in Sri Lanka and the way forward

Speech by Dr P Nandalal Weerasinghe, Senior Deputy Governor of the Central Bank of Sri Lanka, Colombo, 20 November 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

I am deeply honoured to have been invited to deliver the Olcott Oration 2017 and to join a list of great Anandians who have delivered this Oration before. I cannot think of a greater honour that my school could confer on me. I accepted this invitation with humbleness, with gratitude and respect, and with great pride. Let me also take this opportunity to appreciate the support and guidance I received during my school career at Ananda College. The guidance our teachers gave us laid the foundation for any success later on in our lives.

My oration today, is on the rather technical topic of monetary and exchange rate policy. The biggest challenge that I have to face is to present such a topic to an audience with a majority who might not be familiar with the technical jargon involved. However, I will attempt to keep the discussion as simple as possible.