Discover and read the best of Twitter Threads about #CBSL

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1.0 RW & co. and their supporters are busy trying to claim all the credit for IMF deal. But let's review what their take on #CBSL governor dr. Nandalal has been over the past year.

A thread ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡

RW almost didn't approve the service extension of Dr. Nandala back in June 2022.
2.0 He was compelled to do so amid pressure from several parties including executives within the CBSL, opposition, and then president Gotabaya. Dinesh Weerakkody was then PM RW's nomination for the CBSL governor post initially.

lankasara.com/news/dr-nandalโ€ฆ
3.0 Dr. Coomaraswamy was also considered as a potential replacement for Dr. Nandalal.

newscutter.lk/breaking-news/โ€ฆ

There were many news report reporting a rift between then PM RW and CBSL though CBSL ultimately denied that.
Read 10 tweets
The South Asian nation is set to blow through the grace period on $78 million of payments Wednesday, marking its first sovereign debt default since it gained independence from Britain in 1948. #EconomicCrisisLK #SriLankaEconomicCrisis
Its bonds already trade deep in distressed territory, with holders bracing for losses approaching 60 cents on the dollar. The government said last month it would halt payments on foreign debt. #GOSL #CBSL #CSE
Prime Minister Ranil Wickremesinghe, appointed last week, is yet to choose a finance minister, who will help lead talks with the International Monetary Fund over badly needed aid.
Read 5 tweets

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