June 17, Colombo: Sri Lanka's Central Bank Friday said that it will not make payments to mutilated, altered and defaced currency notes after December 31, 2017.
The Bank in a statement said that the holders of these currency notes will have to suffer the loss of face value of such notes.
"Mutilation, alteration or defacement of currency notes is an offence under the Monetary Law Act No 58 of 1949, and is punishable by imprisonment or a fine or both," the Bank said.
The statement added that no claims in respect of the willfully mutilated or altered notes shall be entertained and such notes shall be retained by the CBSL.
The Bank advised the public to refrain from such practices and requested the public to exchange such currency notes with branches of licensed commercial banks.