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Tennakoon says economy cannot be saved by printing money alone

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‘Rs 6.65 bn printed on Dec 31; Rs 678 bn in 2021’

By Shamindra Ferdinando

Former Governor of Uva, Southern and Central Provinces Rajith Keerthi Tennakoon says that the ailing national economy cannot be saved by printing money.

Civil society activist Tennakoon quoting official figures claimed that Rs. 6.65 bn had been printed on Dec 31, 2021, just 48 hours after the Central Bank claimed official reserves reached USD 3.1 bn.

One-time executive director of polls monitoring outfit Caffe, Tennakoon said that the current dispensation had quite conveniently ignored the real challenges experienced by the national economy. “Some apparently believe that printing money is a panacea for the economic crisis. Unfortunately, the SLPP leadership is obviously on the wrong path,” Tennakoon said.

Tennakoon said that according to available official records the government during 2021 had printed a staggering Rs 678.33 bn and the trend was certain to continue in the new year.

In spite of the national economy being in such a bad shape, government leaders issued public statements as if everything was in order, Tennakoon said. The government was aware of further worsening of the situation as a result of disruption of supplies and possible food shortage ahead of the Sinhala and Tamil New year, Tennakoon said.

Responding to another query, Tennakoon said that police headquarters recently issued a statement regarding long queues outside the retail shops of the Pelwatte Dairy Industries Ltd located near Jubilee Kanuwa in Mirihana.

The statement followed recent social media posts of police harassment and undue interference, Tennakoon said, drawing the attention of the police that queues were common sight all over the country, not only at Mirihana.

Tennakoon said that in spite of repeated assurances that LPG gas supply would be normalized, there were queues in the City and its suburbs. The activist urged the Opposition to vigorously take up the issues at hand or face the consequences. Current challenges couldn’t be overcome by proroguing Parliament or postponing election, Tennakoon said. He was referring to the moves to put off Local Government polls scheduled to be held before March 20, 2022 by one year.



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Geneva takes up Sallay’s case and govt. ignores opportunity to answer accusations

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Suresh Sallay

The government has chosen not to respond to questions raised by the United Nations Human Rights Council (UNHRC) regarding the detention of retired Maj. Gen. Suresh Sallay in connection with the ongoing investigations into the 2019 Easter Sunday attacks.

The Criminal Investigation Department (CID) arrested the ex-official in late February this year. The Special Rapporteur on the promotion and protection of human rights and fundamental freedoms while countering terrorism, the Working Group on Arbitrary Detention, the Special Rapporteur on the right of everyone to the enjoyment of the highest attainable standard of physical and mental health and the Special Rapporteur on the independence of judges and lawyers have jointly raised the issue on 20 July, 2026.

Drawing attention of President Anura Kumara Dissanayake to what they called alleged arbitrary detention of Sallay, former Director General of the State Intelligence Service (SIS) and former Director of Military Intelligence (DMI), under the Prevention of Terrorism Act (PTA), as well as allegations of torture and other cruel, inhuman or degrading treatment while in custody, resulting in the grave deterioration of his health, and imminent risks of retaliation through further torture and ill-treatment resulting in irreparable harm, should he be released from hospital and returned to custody, the UN sought the government explanation with a 60-day period.

The UN has stated: “This communication, and any response received from your Excellency’s Government, will be made public via the communications reporting website at the 60 days mark. Should your Excellency’s Government respond within 60 days, both the communication and the response, may be published before the 60 days mark. The communications and responses

will also be made available in the subsequent periodic report to be presented to the Human Rights Council.”

In the absence of the government’s response, the UN posted the letter, dated 20 July, 2026, addressed to President Dissanayake. The full letter can be accessed https://spcommreports.ohchr.org/TMResultsBase/DownLoadPublicCommunicationFile?gId=31125

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Section of wartime KKS High Security Zone vacated to facilitate economic development in the area

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The Army, last week, vacated an area, within the wartime high security zone in the Jaffna peninsula. The Defence Ministry said that an extent of 187.56 acres of land, belonging to the Cement Corporation in Kankesanthurai, Jaffna, has been released by the military. The released land, located in Grama Niladhari Division J/233, Kankesanthurai West, within the Valikamam North (Tellippalai) Divisional Secretariat Division, had been utilised by the Sri Lanka Army since the middle of 1997.

The release of the 187.56-acre extent forms part of the initiative to make State land available for the proposed investment zone in Kankesanthurai, thereby facilitating future investment and economic development in the area.

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Lawyer lodges complaint against Govt. Printer, Media Ministry Secy.

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A complaint has been lodged with the Colombo Fraud Investigation Bureau against the Government Printer and the Secretary to the Ministry of Media regarding the online release of falsified documents bearing a forged Speaker’s certificate.

Attorney-at-Law Aruna Laksiri has lodged a complaint with the Colombo Fraud Investigation Bureau requesting legal action against the Government Printer of the Department of Government Printing (No. 118, Dr. Danister de Silva Mawatha, Colombo 08), Prasanna Jayaratne, and the Secretary to the Ministry of Mass Media (Asidisi Medura, 163, Kirulapone Mawatha, Polhengoda, Colombo 05), Dr. Anil Jasinghe.

The complaint alleges the commission of offences by forging and uploading falsified documents online using a forged Speaker’s certification, failure to perform statutory duties, and misappropriation of public property.

The complaint states that a copy of the English translation of the 22nd Amendment to the Constitution was downloaded and printed from the official website of the Government Printing Department (www.documents.gov.lk), which operates under the Ministry of Mass Media. On its outer cover and on page 1, the text “certified on 25th of September, 2026” is inscribed inside brackets.

The complaint pointed out that the Speaker has certified an English translation. Under Articles 23, 79, 83, and 80 of the Constitution, Parliament enacts laws and the Speaker certifies bills strictly in the Sinhala and Tamil languages; under the Constitution, therefore the Speaker cannot apply such certification to an English translation.

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