In a statement released Friday, the Central Bank said mid-year transfers in the Bank are a routine matter that has taken place annually for several years and a transfer provides an employee to experience varied areas of central banking activities.

"Accordingly, a work transfer is a way to help an employee to gain wider and broader experience within the central banking business in addition to the provision of various kinds of local and foreign training including opportunities for following postgraduate degree programs," the Bank said.

"Furthermore, the transfers made by the Bank are for the purpose of enriching an employee's career progression and at the same time, fulfilling service requirements to equip staff to rise to senior managerial positions in the CBSL."

The Bank said it has the authority to deploy its employees in any department or regional office of the Bank depending on service requirements.