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::

* Central Bank extends deadline to exchange defaced currency notes by 3 months
Sun, Dec 31, 2017, 11:20 am SL Time, ColomboPage News Desk, Sri Lanka.

Dec 31, Colombo: Sri Lanka's Central Bank has extended the deadline to exchange willfully defaced currency notes by three month, according to a statement issued by the bank. The earlier deadline was today.

The Central Bank said considering the immense requests from the general public and the difficulties that the general public is facing in exchanging willfully defaced currency notes at Licensed Commercial Banks (LCBs), it has decided to extend the time period for such exchange of currency notes at LCBs up to 31 March 2018.

Mutilation, alteration or defacement of currency notes is an offence under the Monetary Law Act (MLA) No. 58 of 1949, and is punishable by imprisonment or fine or both.

"Under the Regulation E of MLA, no claim in respect of the willfully mutilated or altered notes shall be entertained and such notes shall be retained by the CBSL," it said.

The holder of these currency notes will have to suffer the loss of face value of such notes effective from 1 April 2018.

Accordingly, CBSL advises the public to refrain from such practices and requests the public to assist in preserving the value and integrity of the country’s legal tender by refraining from willful mutilation, alteration and defacement of currency notes.

 

ColomboPage - Recent 10 Stories ::
Sri Lanka to lead the Commonwealth Center for Digital Health
-- [43 minutes ago]
Interpol red notice for Sri Lanka's former Central Bank governor
-- [1 hour and 19 minutes ago]
Great Place To Work® ranks 99X Technology among Asia's Best Workplaces for 2018
-- [1 hour and 42 minutes ago]
Sri Lanka should push ahead with reforms as economy remains vulnerable to adverse shocks - IMF
-- [1 hour and 55 minutes ago]
Indian Cultural Centre presents an evening of instrumental music by Soundarie David Rodrigo & ensemble
-- [2 hours ago]
UNDP supports Sri Lanka to 'Build Back Better' after natural disasters
-- [2 hours ago]
Minister instructs Mirissa hoteliers to obtain SLTDA registration
-- [8 hours ago]
Bank of Ceylon records Rs. 54 billion ATM/CDM transactions this during New Year festive season
-- [8 hours ago]
Sri Lanka to press ahead with reforms, sees revenue on target
-- [9 hours ago]
Russian Navy training ship 'Perekop' arrives in Sri Lanka's Colombo port

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.