Mr. Ajith Nivard Cabraal assumed duties as the 16th Governor of the Central Bank of Sri Lanka on Wednesday, the 15th of September 2021 in Colombo. His appointment was made by His Excellency the President of the Democratic Socialist Republic of Sri Lanka Gotabaya Rajapaksa, according to the provisions of the Monetary Law Act No.58 of 1949. Accordingly, Mr. Cabraal will function as the Chairman of the Monetary Board of the Central Bank of Sri Lanka.

Mr. Cabraal served as the twelfth Governor of the Central Bank of Sri Lanka, from July 2006 to January 2015.  He was the State Minister of Money & Capital Markets and State Enterprise Reforms during the period from 12th August 2020 to 13th September 2021.