The Central Bank of Sri Lanka (CBSL) has issued a statement in response to the recent controversy surrounding the salary hike for its employees. The controversy erupted following comments made by some Members of Parliament during recent proceedings of the House regarding the latest revision of remuneration for CBSL staff.

According to the statement released by CBSL, the salary hike was approved by the Governing Board under the triennial Collective Agreement entered into with the Trade Unions, covering the period 2024-2026. The decision was made in accordance with established procedures and after due consideration of various factors.

In light of the concerns raised by Members of Parliament, the Governing Board convened a meeting on 21st February 2024. During this meeting, it was decided to request the Governor of CBSL to make a written request to the Honorable President, who serves as the Minister of Finance, seeking an opportunity to apprise the Members of Parliament through an appropriate parliamentary committee of the process and rationale behind the salary revision.

The Governor of CBSL promptly made a written request to the Honorable President on 22nd February 2024, in accordance with the provisions of the Central Bank of Sri Lanka Act No. 16 of 2023.

CBSL has reiterated its commitment to transparency and accountability and has expressed its readiness to explain its position to the Members of Parliament upon being offered the requested opportunity or upon receipt of a formal request for information.