His term of office will be for the remaining period of office of P D Rodrigo, appointed member of the Monetary Board who resigned from the Board with effect from February 15, 2006, Central Bank said.
Accordingly Welgama’s term of office as the appointed member of the Monetary Board will expire on May 7, 2009.
With his appointment, the five member Monetary Board now consists of the Governor of the Central Bank, Ajith Nivard Cabraal, as Chairman of the Monetary Board, the Secretary to the Treasury, P B Jayasundara as official member and Chandi Chanmugam, Tilak de Zoysa and Nimal Welgama as appointed members.
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