‘Opp. Leader aiming to demoralize state officials’

Jayasiri MUNASINGHE

The Opposition Leader and UNP Parliamentarians level baseless and fabricated allegations against state officials aiming to cripple the entire state service by discouraging them, Central Bank Governor Ajith Nivard Cabraal said.

‘The Opposition Leader has said that the country’s economy has been destroyed by the increasing Cost of Living in the manner of a landing missile.

‘The Opposition Leader might think that people may be discouraged by these comments,but, people are not discouraged,by such cheap statements,’ he said.

The Governor pointed out that country’s economy is being controlled well by President Mahinda Rajapkasa. Accordingly, inflation has been continuously at a single digit for over 38 months. ‘But, during the rule of certain economists, inflation had been at a single digit only for 23 months, ‘ he said.

‘It has been revealed that this is the longest period in the history of the country, where inflation is at a single digit. During the last two year period economic growth has been above 8 percent. He stressed that foreign reserves could be increased up to US $ 6,100 million. He added that our foreign exchange reserve will increase above US $ 7,000 million in the near future.

The Governor noted that therupee value depreciated more than 50 percent during the rule of the previous UNP government. ‘The then UNP leaders planned to terminate the service of thousands of government servants by privatising many government institutions. However, the situation is stable now,’ Cabraal said.