President Maithripala Sirisena has ordered the reconstitution of director boards of People's Bank, Bank of Ceylon and the Board of Investments. 

Sources within the President's Office confirmed that the President had given instructions to appoint new directors to their boards. The line ministers have been given instructions to ensure that the current board directors resign from their positions with immediate effect. 

The reason for the sudden decision to appoint new members to the three boards is not immediately clear yet. However, many economic experts opined that the move would worsen the financial woes of the country, as it signals further destabilization of the economy. 

"This means there is no stability in the country and the decision-making process has gone haywire. No investor would want to look at our market in the current circumstances. The outflow of our currency will continue and the investors will pursue more stable and business-friendly markets," a senior economic analyst who did not wish to disclose his identity told Asian Mirror. 

"What this means to the public is that the US Dollar will further plummet and it will soon reach the 175 mark," he added. 

"The President's contribution to the current destabilization," he said, "is immense. Rather than offering a solution to the pressing problems, he is very much becoming a part of them."