As tensions between Sri Lanka's coalition government continue and a no-confidence motion against the Sri Lankan prime minister, Ranil Wickremesinghe is set to be debated in parliament next week, the president, Maithripala Sirisena today took away two key institutions from within Mr Wickremesinghe's remit.
In an Extraordinary Gazette the Central Bank and the Securities and Exchange Commission (SEC) were moved from the National Policies and Economic Affairs Ministry, led by Mr Wickremesinghe, to the Ministry of Finance.
"Formulation of monetary policies and macroeconomic management in coordination with the Central Bank of Sri Lanka and monitoring revenue collection and expenditure would be carried out by the Finance Ministry," the notice said.