Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's Central Bank not to take defaced currency
Sat, Jun 17, 2017, 08:50 pm SL Time, ColomboPage News Desk, Sri Lanka.

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.

 


ColomboPage - Recent 10 Stories ::
Three months concessionary period to pay arrears of taxes for luxury vehicles
-- [17 minutes ago]
Exhibition on Sri Lanka PM's political life opens today
-- [38 minutes ago]
Government to take over Kuliyapitiya Base Hospital
-- [49 minutes ago]
No change in government's decision on polythene ban- President
-- [1 hour and 56 minutes ago]
Ceylon Chamber to host B2B meetings between Sri Lanka and Chinese businesses in automotive sector
-- [2 hours ago]
Sri Lanka Telecom Group operating profits up 2% to Rs. 37.4 billion in 1H 2017
-- [2 hours ago]
Sri Lanka Security forces release land to government and legitimate owners
-- [3 hours ago]
Sri Lankan youth leader among ten UNDP talents joining 1000 global talents in Denmark to solve global challenges
Rs 28 billion worth health projects next year
No change in Samurdhi benefits, government assures beneficiaries

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.