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

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 ::
U.S. Embassy and Matara Chamber of Commerce launch American Innovation Hub
-- [2 hours ago]
Court grants permission to former deputy minister Sarath Kumara Gunaratne to travel abroad
-- [2 hours ago]
Sri Lanka, Pakistan to sign MoU on bilateral cooperation in foreign affairs during President's visit
-- [2 hours ago]
Government decides to provide fertilizer to farmers instead of vouchers
-- [3 hours ago]
CSE to host Global Reporting Initiative workshop on Sustainability Reporting and CSR
-- [4 hours ago]
Sri Lanka to amend Companies Act to comply with FATF on preventing money laundering and countering terrorism financing
-- [5 hours ago]
Japan to donate 8 fire engines to Sri Lanka's EPZs
-- [6 hours ago]
Sri Lanka assures to implement all transitional justice mechanisms in accordance with Constitution
UN regrets Sri Lanka's slow progress in establishing transitional justice mechanisms
Private investment is the key for economic growth, Sri Lanka Finance Minister emphasizes

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.