Colombo: The Colombo Stock Exchange in Sri Lanka halted trading for the second time after a sensitive stock index fell 7.88% amid an ongoing political crisis added to an economic downturn. The Standard and Poor’s SL 20 index fell 7.88% and the All Share index 4.65% on Monday. This decision was also taken as Central Bank Governor Ajith Nivard Cabraal handed in his resignation letter. Education Minister Dinesh Gunewardena said on Sunday evening that the Cabinet of Ministers had tendered his resignation to the Prime Minister.
Minister Keheliya Rambukwelle said the president could invite the opposition to form a new cabinet. However, Samagi Jana Balawegaya opposition chief executive Ajith Perera said the resignation was a sham because under the constitution resignations had to be handed over to the president. The SJB will not get involved in any government unless the president resigns, he said. Sri Lanka’s central bank governor Nivard Cabraal said he had resigned after cabinet ministers also offered to quit. “Against the backdrop of the resignation of all Cabinet Ministers, I today tendered my resignation as Governor, @CBSL, to HE President Gotabaya Rajapaksa,” Cabraal said in a post on twitter.com.
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