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Midweek Review

New BRICS development bank and economic multipolarity

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By Sanja de Silva Jayatilleka

“There is a risk when we use financial sanctions that are linked to the role of the dollar, that over time it could undermine the hegemony

of the dollar.” 

– Janet Yellen, US Treasury Secretary (on CNN)

It was widely reported on the 17th of April that the US Treasury Secretary Janet Yellen had observed on Fareed Zakaria’s show that US sanctions on Russia and China could undermine the hegemony of the US dollar. The Economic Times reported from Washington that she had further said: “Of course, it does create a desire on the part of China, of Russia, of Iran to find an alternative…But the dollar is used as a global currency for reasons that are not easy for other countries to find an alternative with the same properties.”

This desire of the non-western economies to find an alternative was evident on Thursday 13th April this year at the New Development Bank (better known as ‘the BRICS bank’) in Shanghai, China, where Brazil’s President Luis Inacio ‘Lula’ da Silva added his voice to the call for an alternative to the US dollar, the dominant reserve currency.

‘Shackles of Conditionality’

In remarks widely reported around the world, Lula said: “Every night I ask myself why should every country have to be tied to the dollar for trade? Why can’t we trade in our own currency? Why can’t a bank like the BRICS bank have a currency to finance trade between Brazil and China and between Brazil and other BRICS countries?” (Hindustan Times)

President Lula was attending the inauguration ceremony of the newly appointed President of the New Development Bank (NDB), economist and Brazil’s former President Dilma Rousseff (Lula’s protégé and successor). A possible future alternative to the World Bank and the IMF for the Global South, the New Development Bank was created by the BRICS countries Brazil, Russia, India, China and South Africa in 2014 with the purpose of mobilizing resources for infrastructure and sustainable development projects in emerging markets and developing countries. It is reported that in 2022, intra-BRICS trade reached US$162 billion. (Silk Road Briefings)

President Lula suggested in his speech at the NDB that a new BRICS currency potentially “frees emerging countries from submission to traditional financial institutions.” (France 24)

Explaining the utility of such a currency for countries struggling with debt, Lula criticized the IMF’s imposition of austerity measures: “No bank should be asphyxiating countries’ economies the way the IMF is doing now with Argentina, or the way they did with Brazil for a long time, and every third-world country…No leader can work with a knife to their throat because [their country] owes money…”

President Lula da Silva, re-elected for the third time (non-consecutively) as President of Brazil making his first overseas visit to China this month after being elected, had tweeted in Portuguese that “The decision to create the NDB was a milestone in the joint action of emerging countries…The creation of this bank showed that the union of emerging countries is capable of generating relevant social and economic changes for the world… For the first time, a development bank with global reach was established without the participation of developed countries in its initial phase. It was free, therefore, from the shackles of conditionality imposed by traditional institutions on emerging economies.” (https://en.mercopress.com)

While a BRICS currency may take some time to evolve given the diversity of the 5 countries involved, President Lula’s impassioned intervention may indicate a strengthened resolve to work speedily towards its birth.

The R5 Project

When the original grouping consisting of Brazil, Russia, India and China was formed (its acronym BRIC coined by the chief economist of the multinational investment bank, Goldman Sachs in 2001) its opponents had said that the countries were “too diverse to be grouped together like this and that it was really just a Goldman Sachs marketing ploy.” (‘A new world order? BRICS nations offer alternative to West’, Astrid Prange)

Since then, the grouping has expanded, including South Africa in 2010, adding the “S” in BRICS. Several other countries have reportedly expressed a desire to join BRICS, including Saudi Arabia, Iran, Indonesia, the UAE, Bahrain, Egypt, Algeria and Argentina.

Today, BRICS countries account for 25% of the global economy, 18 % of global trade, and over 50 % of global growth. ( http://za.china-embassy.gov.cn). With BRICS open to other countries joining the group, the group’s share of the global economy is set to expand.

It was reported recently that this year (2023) would be a significant one for the BRICS grouping: “One of the clearest trends the world witnessed in 2022 was the accelerating eastward shift in global economic power… With significant progress being made by the BRICS …in terms of joint policy coordination and with several other economies showing clear signs of interest in joining the increasingly influential bloc, 2023 looks set to be the BRICS bloc’s most impactful year within the global economic and geopolitical landscape.” (Alexander Jones, International Banker).

There is already a working group within BRICS tasked with proposing a new reserve currency for the five BRICS countries that could be based on gold and other commodities. Since the local currencies of all five countries of the BRICS starts with the letter R (renminbi, rubles, reais, rupees, and rands) the project is called R5. This project is to enable these countries to trade with each other without dependence on the US dollar. (http://infobrics.org)

Yaroslav Lissovolik writes that the idea of a BRICS currency was mooted at the Valdai Club, Russia, in 2018. Since it wasn’t conceived to replace any national currencies, he says that in the short term the currency doesn’t have to be used in all trade transactions. “Initially, the new BRICS currency could perform the role of an accounting unit to facilitate transactions in national currencies. In the longer run, the R5 BRICS currency could start to perform the role of settlements / payments as well as the store of value / reserves for the central banks of emerging market economies.” He believes that the R5+ project could become “one of the most important contributions of emerging markets to building a more secure international financial system”. (Yaroslav Lissovolik, RIAC April 2023)

Non-Dollar Alternatives

Most of the BRICS countries are now trading in their national currencies. The yuan has overtaken the dollar in Russia and by the first quarter of 2020, the dollar’s share of bilateral trade between the two countries had fallen below 50 percent for the first time on record, from almost 90 percent just five years ago. (International Banker). Brazil has also agreed to trade with China in yuan.

India has agreed with 18 countries to trade in Indian Rupees. Indian Defense Review (IDR) reported that “In 60 cases, RBI approved the opening of Special Rupee Vostro Accounts (SRVAs) of correspondent banks from 18 countries, which are Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda, and the United Kingdom.” (http://www.indiandefencereview.com/spotlights/brics-and-dollar/)

The findings of a recent scholarly study on the BRICS efforts to de-dollarize global trade, published online by Cambridge University Press on 24 February 2022 are significant with regard to the group’s commitment:

“We find that BRICS members have demonstrated an unambiguous consensus and a strong commitment to promoting the use of local currencies…and building a nondollar alternative global financial infrastructure…The group has also been planning the launch of a common payment framework that can be integrated with a BRICS digital currency to de-dollarize global financial infrastructure.

BRICS has…also created a nascent de-dollarization infrastructure that supports global de-dollarization in the long term. BRICS’ collective efforts to establish an alternative nondollar financial system have the potential to completely immunize participants from both exchange and sanction risks stemming from the dollar’s dominance and US hegemonic position. In the long run, the BRICS de-dollarization infrastructure may even serve as the basis for a broader de-dollarization coalition that includes regional organizations.

BRICS countries are in the process of developing a BRICS digital currency called BRICS Coin, which sets the stage for digital de-dollarization.” (‘Can BRICS De-dollarize the Global Financial System?’ Zongyuan Zoe Liu and Mihaela Papa)

The study found that even US allies are seeking greater financial autonomy to trade with countries under US sanctions and quotes the Governor of the Bank of England, Mark Carney, (2019) at a symposium for Central bankers, describing the dollar’s dominance as the “destabilizing asymmetry…at the heart of international monetary and financial system.”

The study reports that the renminbi is the 8th most actively traded currency globally and the1st within emerging markets:

“According to the latest Bank for International Settlements Triennial Survey (2019), the Chinese renminbi was the 8th most actively traded currency, ranking just after the Swiss franc. This is a significant increase from its ranking of 35th in 2001. Additionally, the renminbi is now the most actively traded emerging market currency. The Indian rupee was the second most traded BRICS currency, in 16th position worldwide and accounting for 1.7 percent of global trade. The Russian ruble, Brazilian real, and South African rand were in 17th, 20th and 33rd position…” (Ibid)

‘Financial Multipolarity’

This new tendency to move away from a single dominant reserve currency to increasing trade in national currencies is being called ‘financial multipolarity’. This is but a signpost on the path towards the multipolar world that the non-western countries have long been urging. This trend is not to everyone’s liking but the post-Ukraine US sanctions on Russia and earlier sanctions on China may have accelerated the very thing they wanted to avoid.

The 2023 Foreign Policy Concept Paper of the Russian Federation makes clear its determination to vigorously pursue an alternative world order. It believes that the changes already underway cannot be overturned and are moving inexorably towards its logical conclusion of a more equitable, multipolar world order, regardless of attempts to delay it.

“The formation of a more equitable multipolar world order is underway… The changes which are now taking place … are nonetheless not welcomed by a number of states being used to the logic of global dominance and neocolonialism. These countries refuse to recognize the realities of a multipolar world.”

It welcomes the circumvention of the dominance of the US dollar: “New national and trans-border payment systems are becoming widespread, there is a growing interest in new international reserve currencies, and prerequisites for diversifying international economic cooperation mechanisms are being created.”

It seeks to strengthen its relationships with China and India as leading countries of the Eurasian continent of which it is a part, in an effort to transform Eurasia into a “common space of…development and prosperity”. While it says that “Russia aims at further strengthening the comprehensive partnership and the strategic cooperation with the People’s Republic of China”, it is interesting to note that its relations with India is described as “particularly privileged strategic partnership”.

Sri Lanka’s Professor Mohan Munasinghe, a Nobel Laureate, interviewed by CNN International’s anchor Zain Asher in Miami said that “a multipolar world is more attractive to the Global South … The current world order is not doing too well, but the emergence of the BRICS countries gives the world more hope. They want a more balanced world order where their dignity and self-respect are restored”.

Professor Munasinghe said, and CNN’s Zain Asher concurred, that BRICS countries had overtaken the G7 countries in terms of their contribution to the global GDP. He said the new priorities for the Global South are “sustainability, economic development and raising the poor out of poverty” and they are less interested in military interventions and economic sanctions.

Provoking Multipolarity

An Observer Research Foundation (ORI) paper published in 2022 (Antara Ghosal Singh) explains the circumstances which prompted the expansion of the BRICS. “It was in 2017, in the first year of Trump’s presidency, that China, for the first time, proposed an expanded BRICS. Later, despite Joe Biden coming to power after defeating Trump, Chinese observers believe that US policy towards China has hardly changed, and that the ‘new Cold War’—initiated during the Trump era—has instead been taken to a higher level.” The paper points out how the ‘G2’ (USA-China) quickly collapsed as “cooperation” turned into “confrontation”, thus deciding China’s priorities towards a broader coalition of developing states.

The Russia-Ukraine war and the consequent consolidation of the Western bloc together with the sanctions on Russia have contributed to renewed interest in the calls for multipolarity. It is significant that none of the members of the BRICS countries took part in the US sanctions against Russia. In fact, both India and China have increased their trade with Russia.

Dimitri Trenin, head of Carnegie-Moscow, sees the current moment as fundamentally significant: “What is at stake here is not just the fate of Ukraine or the future of Taiwan. The issue is the existing world order itself and its current organizing principle – America’s global hegemony.” (RIAC March 2023)

Feelings have soured considerably in the Russian intelligentsia against what they see as attempts to “eliminate Russia as a major power”. Trenin sees multipolarity as the most effective response: “…a greater joint effort to help the world move faster toward multipolarity”. He recommends “reducing role of the US dollar in international transactions” and strengthening institutions such as BRICS and the SCO as steps towards achieving it.

BEAMS of Light

While the very diversity of the BRICS countries leaves much to be overcome including for the BRICS+ initiatives, recent geopolitical events have inspired unprecedented discussion, proposals and analysis of the different formats the project could take. While there is suspicion displayed by some Indian analysts of China’s motivation in promoting BRICS expansion which they speculate might be to “undercut the role and agency” of India, (Antara Ghosal Singh ORI) some Russian analysts see important and groundbreaking potential in it including possible trade liberalization within the platforms across the Global South:

“The BRICS+ regional format presents an opportunity to …encompasses the majority of the Global South…One proposal in this regard has been the BEAMS platform, which brings together the primary regional integration blocks of the BRICS countries, namely BIMSTEC (India), Eurasian Economic Union (Russia), African Union (South Africa), MERCOSUR (Brazil), and SCO (China)…. this format enables BRICS to progress with trade liberalization across the Global South and establish inclusive cooperation platforms in both the financial and real sectors.” (Yaroslav Lissovolik, RIAC April 2023)

With the recent high-profile appointment of Dilma Rousseff, a former head of state to lead the BRICS bank, the incentive to explore its potentialities and to accelerate implementation may have increased exponentially, with all its implications for the evolving world order. Dilma may soon begin to push TINA (‘There Is No Alternative’) off the stage. Such a development is not without momentous positive implications and potential for Sri Lanka.



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Midweek Review

Overall SLPP failures stressed in new Aragalaya narrative

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Former President Mahinda Rajapaksa receives a copy of Mohan Samaranayake's ‘Regime Change project 2022’ at its launch held at Sri Lanka Foundation recently.

The US has been complicit in the 9 July 2022 assault on the President’s House. A new book, on the regime change project, by renowned political commentator Mohan Samaranayake, examined the then US Ambassador Julie Chung’s role in the operation. Referring to her twitter messages before the final assault, the author pointed out how she warned the government and the military against the advance on the President’s House while reassuring protection for the attacking party.

Throughout the March 31-July 14, 2022 period, Chung blatantly intervened in the government’s response, thereby preventing tangible action being taken to neutralise the growing threat.

Bringing up claims regarding Chung/ Indian High Commissioner Gopal Baglay putting pressure on Speaker Mahinda Yapa Abeywardena to accept the presidency, Samaranayake declared that only Abeywardena could clear the continuing controversy regarding the intervention made by an envoy. Regardless of who visited the Speaker, at his official residenc, as the JVP-led crowds prepared to bring Parliament under their control on 13 May, 2022, what we should keep in mind is that it was a joint US-Indian project. Who definitely met the then Speaker, followed by a delegation consisting of Buddhist and Catholic clergy and civil society, who, too, echoed the foreign instigated agenda, is irrelevant.

By Shamindra Ferdinando

Political and foreign affairs commentator Mohan Samaranayake meticulously deals with the overthrowing of President Gotabaya Rajapaksa in 2022, in a manner that exposed the failure on the part of the then ruling party, the Sri Lanka Podujana Peramuna (SLPP), to recognise the US-Indian plot that was in the making no sooner he assumed office as the President, or even before that. Samaranayake also discusses the pathetic police and armed forces response to the threat (Chapter 7).

Samaranayake dealt with the possibility of at least a section of the Cabinet-of-Ministers, unwittingly contributing to the overall strategy meant to undercut the government and isolate the President.

‘Regime Change project 2022’, authored by one-time UN public communications staffer, at its Colombo office, who also held several government appointments over a period of time, including under Gotabaya Rajapaksa’s tenure, found fault with Ministers Dullas Alahaperuma and Udaya Gammanpila, leader of the SLPP constituent, Pivithuru Hela Urumaya.

Samaranayake shed light on a frightening situation, within the ruling party, that lacked at least a basic plan of action, struggling to cope up with internal strife. He singled out the Basil Rajapaksa-led group as the worst of the offenders. Samaranayake is spot on. The author quite rightly declared that the triumph of the regime change project was nothing but the disintegration of the nationalistic group, within the ruling bloc. Unfortunately, the SLPP seemed to have failed to realise the gravity of that situation.

Pointing out that President Gotabaya Rajapaksa hadn’t been the leader of the ruling party, in one line, the author emphasised how the authoritarian conduct of the Basil Rajapaksa–led section of the parliamentary group caused rapid deterioration. The SLPP secured a near 2/3 majority at the 2020 parliamentary election. Formed in 2016, the SLPP, having won 18 electoral districts, bagged 145 seats. Basil Rajapaksa’s group didn’t tolerate dissent. That group slammed Wimal Weerawansa when he urged the SLFP to create an influential position for President Gotabaya Rajapaksa who ended up sacking Weerawansa and Gammanpila for some other mattter. The author criticised the President’s action.

It would be interesting to ascertain how the conspirators exploited the discord, within the ruling party, as they advanced the anti-Gotabaya strategy. Samaranayake, like others who authored books on overthrowing President Rajapaksa, acknowledged that the economic fallout, caused by the Covid-19 pandemic, and the war in Ukraine, facilitated the operation.

The leader of Jathika Nidahas Peramuna, Wimal Weerawansa, was the first to release a book on the regime change project. “Nine: The Hidden Story,’’ launched in April 2023, caused quite a controversy over claims of direct US intervention. Then US Ambassador Julie Chung denied Weerawansa’s revelation that she asked Speaker Mahinda Yapa Abeywardena to take over the presidency, regardless of constitutional impediments. Later the then Speaker’s indirect admission of what transpired proved much of Weerawansa’s assertions, though there is till controversy over the identity of the envoy who visited the Speaker at his official residence on 13 July, 2022. Remember the old adage that ambassadors are there to lie abroad for their country.

Weerawansa was followed by the much-respected writer, Sena Thoradeniya (Galle Face Protest: Systems Change or Anarchy), ousted President Gotabaya Rajapaksa (The Conspiracy to Oust Me from the Presidency), Maj. Gen. K. B. Egodawela who served on President Rajapaksa’s staff (Aragalaya: From Love to Violence), President Ranil Wickremesinghe’s media chief Prof. Sunanada Madduma Bandara (Aragalaye Balaya), Treasury Secretary Mahinda Siriwardana (Sri Lanka’s Economic Revival – Reflection on the Journey from Crisis to Recovery), and expert current affairs commentator Asanga Abeygunasekera (Winds of Change).

However, Samaranayake obviously has paid extra attention to the SLPP’s inner shortcomings that contributed to the overall success of the regime change operation. At the tail end of the first chapter, Samaranayake raised a spate of questions regarding the terrifying possibility of inside help that enabled the conspirators to carry out the regime change operation. Samaranayake asked whether those within the government caused economic deterioration deliberately, in support of the move against the President.

Referring to economic indicators and comparing the official figures, the author stressed the deterioration of the national economy during the Yahapalana administration (2015 to 2019) contributed to the economic collapse, like borrowing as much as USD12 billion by Wickremesinghe’s regime at high interests, however all that was conveniently put on President Gotabaya Rajapaksa by convenient critics leaving out elements of truth disadvantageous to their agenda. Propagation of false and politically motivated narratives, according to Samaranayake, seemed to have overwhelmed the President and his sharply divided parliamentary group.

On the basis of a disclosure made by the ex-President, Samaranayake highlighted how a far reaching decision to unilaterally suspend debt repayment was taken even without consulting the President.

Swiss Embassy affair

Samaranayake, who served as the Director General of President Gotabaya Rajapaksas’s Media Division, examined the regime change operation, taking into consideration what was dubbed as the Swiss Embassy affair, at the onset of his administration. Having acknowledged President Rajapaksa thwarted a diabolical Swiss plot to tarnish his government, using local Embassy employee Ganiya Bannister Francis (Siriyalatha Perera is her original name/She now lives abroad) from discrediting Sri Lanka, the author asserted that the SLPP’s failure to take the then Swiss Ambassador Hanspeter Mock to task for false flag operation influenced those who planned the regime change to go ahead.

The SLPP should reexamine its response to the Swiss Embassy affair. Perhaps, Sri Lanka should revisit the incident, particularly against the backdrop of accusations that Hanspeter Mock pursued an utterly contemptible agenda targeting Sri Lanka. Among the incidents cited was the Ambassador facilitating Chief Inspector Nishantha de Silva of the Criminal Investigation Department (CID) leaving the country without government authorisation.

Samaranayake’s assertion that the 2022 colour revolution was an extension of the 2015 regime change operation seems controversial to some people, though the writer believes the first such project was mounted in the aftermath of Sri Lanka’s triumph over the Liberation Tigers of Tamil Eelam (LTTE). The US backed UNP-JVP-TNA project to field war-winning Army Commander Sarath Fonseka as the common presidential candidate against incumbent Mahinda Rajapaksa that exposed the US hand. There cannot be any dispute over that.

The seriousness of Samaranayake’s allegation that ex-parliamentarian Hirunika Premachandra (SJB), on behalf of the regime change operation, tested President Gotabaya Rajapaksa’s defences during protest conducted outside the President’s private residence at Pangiriwatta, Mirihana, on 5 March, 2022. The issue at hand is whether the SJB authorised Hirunika’s actions at Pangiriwatta. But, Samaranayake’s criticism of the President and the armed forces, as well as the intelligence services, for failing to take tangible measures against the growing and deepening regime change threat. The author went to the extent of describing them as ,silent onlookers. The accusation that the President refused to believe that he was the target of the regime change operation underscored the SLPP’s pathetic response to the threat.

Samaranayake painted a bleak picture of the situation by quoting Egodawela, who served the Army, like Gotabaya, as having asserted that the March 31, 2022 violent protest was meant to assassinate President Rajapaksa. In post-Aragalaya examination of events/developments, Samaranayake blamed the police and armed forces for not neutralising gangs that unleashed violence in the aftermath of the attack on the Galle Face protesters, on 9 May, 2022. But, unfortunately, Samaranayake failed to pay sufficient attention to the failure on the part of the police and the armed forces to prevent Temple Trees mounting the first attack. There is no doubt that Temple Trees ordered the attack in a desperate bid to break the siege on the Presidential Secretariat, contrary to the instructions issued by President Gotabaya.

Samaranayake, who studied the situation, leading to the overthrowing of President Gotabaya, March 31 to July 14, 2022, period, and subsequent developments for nearly two years, emphasised the alleged bid to kill the President, and several others, and display their bodies on 9 July, 2022, following the storming of the President’s House. Based on social media posts, the author made the shocking claim that a private local and a foreign television channel had been there to telecast the displaying of bodies.

Perhaps, the plot could have succeeded if not for the timely intervention made by the then Navy Commander, Vice Admiral Nishantha Ulugettenne, who deployed SLNS Gajabahu to move the President and First Lady Anoma, who received the appreciation of all for being humble.

Ranil’s role and Yahapalana fault

Wickremesinghe played a crucial role in the project to oust President Rajapaksa. That is the undeniable truth. Beleaguered Gotabaya’s decision to accommodate Wickremesinghe as the Prime Minister, in April 2022, and then elevate him as the President, wouldn’t change the ugly truth. The author didn’t mince his words when he explained the swift collapse of the externally backed operation, soon after Gotabaya’s ouster. Those who funded the regime change project, lawyers/BASL involved in it and men and women who pursued political and religious agendas, according to the author, felt satisfied when Gotabaya stepped down. “They knew when to halt the campaign,” declared Samaranayake whose criticism of the President and the SLPP should attract their attention.

Samaranayake asserted that Wickremesinghe’s readiness to swiftly deploy the military and police to chase away those who remained outside the Presidential Secretariat, and other places, too, after Gotabaya’s ouster, contributed to the normalisation of the situation.

Having provided muscle to the protest campaign at the beginning, the UNP and the SJB cannot, under any circumstances, absolve themselves of the responsibility for the violence unleashed by organised gangs. Samaranayake’s clear stand that such violence cannot be justified, on the basis of Temple Trees allowing some staunch supporters to attack the Galle Face protesters out of sheer desperation, should be commended. SJB leader Sajith Premadasa, who sought political mileage out of the rapidly developing situation on 9 May, 2022, following the attack on the Galle Face protesters, was nearly killed when he visited the protest site. If not for the quick response of his bodyguards, Aragalaya activists could have captured him and other SJB lawmakers. Had that happened, the result could have been catastrophic.

One of the most controversial claims made by the author was the Chinese involvement in the regime change project. Although allegations and claims pertaining to the US, European and Indian interventions are in the public domain, the alleged direct Chinese involvement is a matter of grave concern. The author, without hesitation, named China and Russia in a group that included the US, the UK, EU, Japan and India hell-bent on achieving their political, economic and military objectives at the expense of other countries. Citing Sri Lanka as a case in point, the author methodically discussed post-Second WW regime change operations elsewhere while paying attention to the US-China conflict that undermined Sri Lanka’s sovereignty.

Samaranayake mentioned the US backing for retired General Sarath Fonseka at the 2010 presidential election, less than a year after the eradication of the LTTE as an instance that proved the US determination to achieve its objectives at any cost. Had the author been aware Fonseka was categorised alongside the Rajapaksa brothers as war criminals. It is like the way US treats ISIS as good terrorists and bad terrorist depending on whom they back. WikiLeaks released the then US Ambassador Patricia Butenis’s classified missive to Washington in addition to a spate of other documents which revealed directed US involvement in selecting Fonseka as the common candidate.

Samaranayake squarely differed with those who build their narratives on the basis of the actions of the then US Ambassador Julie Chung (2022 to January 2026) and Under Secretary of State for Political Affairs Victoria Nuland (2021 to 2024). Samaranayake is quite right in his assessment that, like many other US officials, the likes of Chung and Nuland were only tools to achieve overall US objectives. In the case of hapless Sri Lanka, the US strategy was/ is meant to ensure that Colombo remained aligned with the Indo-Pacific doctrine regardless of political changes. The way the US and its partner in crime India embraced and propped up JVP/NPP and again reiterated their approach.

An Act like no other

Samaranayake didn’t even bother to mention Siriwardena’s book that dealt with the developments, essentially with focus on economics leading to President Gotabaya’s ouster. Similarly, there hadn’t been a reference to ‘Winds of Change.’ (https://island.lk/aragalaya-gr-blames-cia-in-asanga-abeyagoonasekeras-explosive-narrative/)

Let me briefly discuss a major difference between Samaranayake’s take on economic crisis and that of Siriwardena who confidently asserted that Gotabaya’s presidency could have been saved if the government secured IMF loan facility. ( https://island.lk/aragalaya-could-have-been-thwarted-and-grs-presidency-saved-mahinda-siriwardana/)

According to Samaranayake’s narrative, the sudden suspension of debt repayment scheme even without consulting President Gotabaya had been a calculated move to entrap Sri Lanka in IMF strategy.

It would be pertinent to mention that President Wickremesinghe, in July, 2024, managed to adopt the Economic Transformation Act without a vote, in line with the overall IMF/other lending agencies’ strategy to ensure Sri Lanka remained aligned with the IMF, regardless of political changes. Having opposed the IMF outwardly over the years, the JVP/NPP pledged its allegiance to the IMF, without any hesitation, once installed in power at the expense of its purported original principles. There had never been such an Act that forbade political parties of pursuing policies contrary to specific IMF dictates.

Samaranayake explained how the JVP/NPP completely changed its approach in the wake of the 2024 national elections. Anura Kumara Dissanayake, who, in his capacity as the leader of the JVP, as well as its parliamentary group, in 2015 October, lashed out in Parliament against unbridled activities of India’s Research and Analysis Wing (RAW) in Jaffna. In April 2025 President Dissanayake entered into seven vital MoUs with Premier Modi. One dealt with defence, and a few months later Sri Lanka allowed Japan to sell controlling interests in the strategic ship builder Colombo Dockyard Limited (CDL), once carefully nursed by late National Security Minister Lalith Athulathmudali who was assassinated by the LTTE, to Mazagon Dock Shipbuilders Limited (MDL) affiliated with the Indian Ministry of Defence.

The way Sri Lanka succumbed to Western powers and India and ended up in their domain, therefore, as Samaranayake predicted, there may never be a comprehensive investigation into the despicable regime change operation. Alleging that Wickremesinghe conveniently allowed those responsible at all levels, including the military and police to go scot-free, the author asserted that Dissanayake, a key beneficiary of that operation, too, may never intervene.

Premier Modi, who sort of gave his blessings to the despicable decapitating operation against Iran, by visiting Tel Aviv, should realise that he is no darling of the West and he, too, will be stabbed in the back as these evil pale faces have done to others if they suspect that his country might be a future threat, both militarily and economically, to them. The US denied visa to Modi in March 2005. The State Department acted in terms of the Immigration and Nationality Act, citing Modi’s alleged responsibility for “particularly severe violations of religious freedom” related to the 2002 Gujarat violence.

Referring to various uprisings and revolutions that shaped the world over the past several centuries and those who propagated lies as they advanced frightening strategy here, the author confidently asserted that the vast majority didn’t realise that they were being used in a high profile regime change project.

Samaranayake’s narrative is a must read, as it is a no holds barred examination of available facts, sometimes ignored by political parties, the judiciary and the media. Having read all books that dealt with regime change projects, except the one by Maj. Gen. Egodawella, the writer is of the view that Samaranayake went to extraordinary lengths to educate the people of the challenges faced by post-war Sri Lanka.

The challenge to the country’s unitary status seems to be growing in the absence of a cohesive strategy regardless of political interests to safeguard national interests. The situation seems so bad and further deteriorating rapidly, the 17tth anniversary of armed forces triumph over separatist Tamil terrorism appears to be irrelevant. Let us hope Samaranayake’s thought-provoking narrative receives public attention and influences the decision-makers to change their direction.

In fact, there had never been such a comprehensive examination of regime change operation, taking into consideration a wide-range of facts/issues to prove the US dominance here, though China still runs many critically important projects. Unassuming Samaranayake, like Thoradeniya, remain among a small group of people who had the strength and courage to tell the truth.

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Midweek Review

Palm leaf manuscripts of Sri Lanka – part iii

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Sirancee Gunawardena, the author of ‘Palm leaf manuscripts of Sri Lanka ‘(1977) met J. Pannila of Artigala south, Hanwella when she was researching palm leaf manuscripts. He was then a village elder and was the descendant of a long line of palm leaf manuscript writers.

Pannila had told Sirancee how the palm leaf is prepared as writing material and she has reproduced the information in her book. It is possible to infer from the knowledge shown by Pannila that palm leaf manuscripts writers were also trained in preparing the palm leaf, and in preserving the manuscript as well as writing on it. I think there may have been others who lacked the skill of writing, but who knew to prepare the item and to preserve it.

In Sri Lanka palm leaf manuscripts were made out of the young fronds of the Talipot palm. Talipot was able to resist the tropical climate of Sri Lanka. Pannila said, before the leaf bud opens, rings of bamboo are put 18 inches apart round the main leaf (sic). After 21 days, the branch is cut and brought down carefully, from the crown of the tree which is usually about 60 feet above ground. The mid rib of each leaf is cut off and the leaves become flexible strips.

The leaves are wound up into rolls. These are put into a large clay pot, with layers of pineapple leaves in between. Pot is filled with water and Kappetiya branches are placed on top, the vessels is sealed with a cloth and heated over a fire. The palm leaves were considered sufficiently boiled when the leaves of the Kappetiya fell off. The rolls were then taken out and washed.

The leaves were polished by rubbing them against a rounded pole of Walla wood, till the strips became flat. They were hung on a coir rope, like a clothes line, and kept outdoors for a week or so, get a fine polished texture. They were now ready for writing. The leaf strip was placed on a piece of soft wood and held in the left hand for writing with the right hand.

Writing was done with the Panhinda. This stylus had a steel tipped quill. The end of the quill was like that of an arrow, both sides were sharp and the edge was pointed to obtain sharp outlines. There were different sized quills. Some broader than others. Sharp, small size stylus was used for drawings. Sirancee owned two stylus, one long stylus with an ornate fan shaped top and another with two decorative metal globules.

The ordinary stylus was traditionally hand made by the village blacksmith. But there were elaborate ones with ornate gold, metal, ivory or carved wooden handles. The gold stylus was made of pure gold except for the stylus which was of steel. The gold stylus was a symbol of prestige. The Ananda Coomaraswamy collection has a golden stylus with royal ensign ‘SrI’. It is said to have been originally given by King Narendrasinha to Alagaboda Nilame.

The stylus was treated with respect. Sirancee pointed out that the Maha Lekammitiya and stylus were carried in the Dalada temple procession in the Esala perahera. The Matale Mahadivase Kadainmpota said “Niharepola Alahakoon Mohottala was appointed lekam of Tunkorale and received the ran Panhinda and flag”.

Inscribing a palm leaf was a skilled task. A scribe had to go through a long period of training before he was allowed to write on ola. Only very experienced writers were allowed to inscribe a major work. The handwriting in a manuscript therefore was very beautiful and were works of art, said Sirancee. Letters were uniform and evenly spaced. Palm leaf drawings were fine line drawings, which required great skill. Circles and shapes were drawn free hand.

The manuscript usually starts with the auspicious word ‘Svasti’, with the latter ‘ka’ below it. The text commenced with traditional salute to the Buddha and ended with a colophon which gave the name of the author and promoter and some times the scribe and the date. But most authors were anonymous.

Palm leaf manuscripts were numbered starting from the Sinhala letter Ka according to the Sinhala alphabet. words were written from left to right. There are no punctuation marks and no spaces between words. There were margins and a symbol to demarcate paragraphs. Most manuscripts only had text, but there were many with illustrations.

The words scratched on the ola had to be made visible. Inking was a special art. The process was called Kalumadima. The palm leaf was rubbed with a soft cloth dipped in Dummala oil and powdered charcoal obtained from the Godama tree. The surface of the leaf was then cleaned with rice bran (Dahaiyya).

The dummala used was a resin derived from a fossilised root of a plant called Hal ((vateria acuminata). It was dug out from paddy fields and river beds, on the two auspicious days, Wednesdays and Saturday. The dummala was distilled in an earthen pot with the outside coated in cow dung and clay. The distilling was done between 6 pm and 2 am in the garden. Ten pounds of Dummala produced about 2 bottles of oil.

When palm leaves were gathered together to form a single text, they resembled books. The manuscripts seen by Sirancee averaged 60-65 folios, but there were many which were larger. One manuscript had 311 folios.

Creating this ‘book’ was also a special process. The leaves were cut into the required size, usually two inches wide and between 8 and 18 inches in length. The inscribed leaves were placed one under the other. Holes were punched with a hot rod, and a cord passed through. The punching of holes was done according to rules given as verse. Fold the leaf into three then into four and make the holes in between the creases at the two ends. One manuscript seen by Sirancee was stitched together and opened like an accordion.

Folios were placed between two covers known as Kamba. Most manuscripts had wooden covers, of ebony, jak, milla, calamander and other hard woods. The covers were decorated in lac with flower designs, such as Jasmin, kadupul, lotus, liya wela,creepers,. Some were decorated with geometric designs, or rope design. Some had ivory inlay, others had contrasting wood in marquetry, tortoise shell was also used. One manuscript had ebony cover inlaid with ivory. the button was of tortoise shell. At Katarangala in Halloluwa they found a pirit pota with covers in dainty design.

Highly venerated manuscripts such as those on Buddhism had covers of ivory or silver, and were decorated with gem stones. These are kept safely. Malwatte temple had a palm leaf manuscript on Abhidamma written in Sinhala, with ivory covers, a border of rubies and blue sapphires and a design of flowers set in gold. Malwatte had another manuscript, with cover in silver and gold and a floral design richly encrusted with white sapphires and zircons. Hanguranketa temple had a manuscript with gem studded covers. Pelmadulla Raja maha vihara also had a manuscript with carved ivory cover. Several other manuscripts had gem studded covers. National Museum library had a manuscript on Abhidamma with an ornamented cover in brass. SWRD Bandaranaike collection had a manuscript with silver cover and gems.

The formula for making oil for preserving manuscripts is a heavily guarded secret, said Sirancee. Pannila had a secret formula which was handed down generation to generation and was known only to a few families. Pannila gave Sirancee the formula in appreciation of her interest in the subject. Sirancee has gven the formula and method, with photographs, in her book on pages 38-40.

Pannila had been commissioned by the National Museum library to apply his secret oil to the palm leaf manuscripts which needed preserving. He was also invited to temple libraries and to the Institute of Indigenous medicine at Rajagiriya to clean and restore their manuscripts.

Sirancee stated that palm leaf manuscripts stored on wooden shelves did not deteriorate despite the humid climate. Manuscripts kept in pettagama tended to disintegrate, she said. But Nagolle Raja Maha vihara was a well-known exception. The olas stored in its pettagama remain well preserved.

The National Library of Sri Lanka has a Preservation and Conservation Centre (PAC) which pays special attention to palm leaf manuscripts. The IFLA PAC Centre was inaugurated on 5th August 2015. The Centre produces “Panhida Herbal Oil”for the conservation of palm leaf manuscripts.

Udaya Cabral, who heads the PAC, with M Ravikumar, and T Ramanan presented a paper titled Developing a strategic program for safeguarding palm-leaf manuscripts in Sri Lanka at IFLA Conference, 2018.In 2021 the National Library issued a report on best practices for the conservation of Palm-Leaf Manuscripts, prepared by Udaya Cabral and R.M Nadeeka Rathnabahu.

Cabraal and Ratnabahu said that a palm leaf manuscript around 200 years old located in National Library of Sri Lanka, regularly treated by Dummala herbal oil was examined under microscope. They found that the traditional oil was not completely effective, some fungus still remained. PAC recommended that after treatment with Dummala oil, the manuscripts be kept in a specially designed ‘fume cupboard ‘made out of neem wood, with a cube of Thymol placed at the bottom.

In my view, it is only in recent times, that ola manuscripts are treated as archival material, to be preserved somehow. My guess is that in ancient times, the original manuscript was kept as long as possible but a copy was made when it was clear that the original was going to perish. This was repeated over and over again. That is how the Mahavamsa came to us. ( continued)

REFERENCES

Sirancee Gunawardana Palm leaf manuscripts of Sri Lanka. 1977 p 14–, 33-. 132, 134, 248-251, 254, 25

https://www.ifla.org/news/pac-sri-lanka-publishes-a-new-report-on-best-practices-for-the-conservation-of-palm-leaf-manuscripts/

http://library.ifla.org/2266/1/124-cabral-en.pdf

https://www.ifla.org/wp-content/uploads/files/assets/pac/Documents/pac_sri_lanka_report_best_practices_for_conservation_of_palm-leaf_manuscripts_.pdf

BY KAMALIKA PIERIS

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Midweek Review

Stillborn Unity Bridge

Published

on

Now in their seventeenth year,

Separate ceremonies are ongoing,

By the Victors and Vanquished of war,

To remember the dead of both halves,

Proving that ‘Two Nations’ exist after all,

Whereas what’s so badly needed by the Isle,

Is a North-South bridge-building project,

That would meld the two sides into one,

On the basis of a spirit of mutual forgiving,

And a law of equality all-embracing.

By Lynn Ockersz

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