City
Epaper

Sri Lanka crisis: New finance minister Ali Sabry resigns from his post in less than 24 hours

By Lokmat English Desk | Updated: April 5, 2022 14:53 IST

After many resignations of ministers  President Rajapaksa on Monday announced at least four new Ministers. Basil Rajapaksa was replaced ...

Open in App

After many resignations of ministers  President Rajapaksa on Monday announced at least four new Ministers. Basil Rajapaksa was replaced by Ali Sabry, as Minister of Justice, as the new Finance Minister, but now the reports are doing rounds that in less than 24 hours Ali Sabry also resigned from his post. 

On April 4  President Rajapaksa on Monday announced at least four new Ministers. According to the reports, Basil Rajapaksa was replaced by Ali Sabry, as Minister of Justice, the new Finance Minister. While G L Peiris has been named the new Foreign Minister, Dinesh Gunawardena as the new Education Minister, and Johnston Fernando as the new Minister of Highways.

Earlier, Sri Lankan central bank governor Ajith Nivard Cabraal submitted his resignation on Monday amid the Sri Lanka crisis. He took his Twitter and wrote, "In the context of all Cabinet Ministers resigning, I have today submitted my resignation as Governor, @CBSL to HE President Gotabaya Rajapaksa."

For unreserved Sri Lanka is presently facing a foreign exchange shortage which has led to a fuel, power, and gas shortage, and has sought the assistance of friendly countries for economic assistance. Sri Lanka is witnessing at least 10-hour daily power cuts. Sri Lanka's currency has been also devalued by almost SLR 90 against the US dollar since March 8. Sri Lanka's economy has been in a free fall since the COVID-19 pandemic due to the crash of the tourism sector.

Tags: Ali SabrySri Lanka crisis
Open in App

Related Stories

OpinionsBut for gold, India would, have become Sri Lanka

OpinionsStarvation causes fall of sultanate!

OpinionsWord is Brahma… How can it be unparliamentary?

InternationalForeign Secretary Kwatra meets Sri Lankan foreign minister; discusses Wickremesinghe's India visit

InternationalChinese fuel giant Sinopec to build refinery in SL

International Realted Stories

InternationalTaiwan: KMT Chair says legislature to push for Lai recall after May 20

InternationalSeveral killed, multiple injured as vehicle plows into Vancouver street festival crowd

InternationalRush at Attari border as Pak nationals return amid visa suspension after Pahalgam attack

International'Barbarism totally unacceptable', say world leaders on Pahalgam attack, extend support to India

InternationalVishwa Mitra India's readiness in times of crisis 'hallmark' of our identity, says PM Modi