The Party Leaders' meeting took place under the chairmanship of Speaker Mahinda Yapa Abeywardena, and a cohort of senior CB officials, including Central Bank Governor Dr. Nandalal Weerasinghe and representatives from trade unions, participated.

The party leaders highlighted an intriguing aspect, noting that the recent Central Bank of Sri Lanka Act, which had initially included provisions for autonomous salary adjustments, underwent a significant alteration. The reason behind this change lies in a Supreme Court determination, which stipulated that any such salary modifications required a two-thirds majority approval.

While the new act aimed to grant the Central Bank greater independence in its operations, it inadvertently omitted a mechanism for salary increments based on independent decisions, they said.

Despite this, officials, including Dr. Nandalal Weerasinghe, emphasized that Sections 5, 8, and 23 of the Act do indeed provide for such provisions. They noted that these sections empower the Central Bank to utilize its own funds for all administrative, managerial, and operational expenses