The post is the ex-officio chairperson of the Monetary Board of Central Bank of Sri Lanka.

The inaugural officeholder was the American John Exter who served the Government of Sri Lanka in helping found the central bank.

The position is currently held by Nandalal Weerasinghe who was appointed to the office on 8 April 2022.

[1] The term of office lasts for six years and includes several privileges in form of allowances.

This includes use of the Bank House as the official residence, transport and security provided by the CBSL.