Sri Lanka : Central Bank expands deadline to interchange defaced currency notes with three months. Leading break news from Sri Lanka::* Central Bank expands deadline to interchange defaced currency notes with three monthsSun, Dec 31, 2017, 11:20 am SL Time, ColomboPage break news Desk, Sri Lanka.
Dec 31, Colombo: Sri Lanka’s Central Bank has expanded the deadline to interchange willfully defaced currency notes with three month, according to a statement issued with the bank.
The Central Bank told considering the immense demands from the puplic public & the difficulties which the puplic public Information Systems facing in interchanging willfully defaced currency notes at Licensed Commercial Banks (LCBs), it has decided to expand while period for such interchange of currency notes at LCBs up to 31 March 2018.
Mutilation, alteration or defacement of currency notes Information Systems an offence under the Monetary Law Act (MLA) No.
The holder of these currency notes going to have to suffer the loss of face price of such notes efficient from one April 2018.
President instructs CB to expand currency interchange deadline
President Maithripala Sirisena has instructed the Central Bank to expand the deadline to return mutilated currency notes until March 31,2018, the President’s Media Division told yesterday.
Earlier, the Central Bank had asked the public to interchange deliberately mutilated or defaced notes before December 31 & warned which it would not accept such notes from following year.
The PMD told the President had instructed the Central Bank to expand the deadline untill March 31.
The CB told which willfully mutilation, alteration or defacement of Sri Lanka currency notes Information Systems an offence under the Monetary Law Act No.
The holder of these currency notes going to have to suffer the loss of face price of such notes.
President advises CBSL to expand deadline to interchange defaced currency notes
As it stated in The Central Bank of Sri Lanka has been advised with President Maithripala Sirisena to expand while period given to submit defaced currency notes, to March 31, 2018.
Prior to this announcement, the CBSL made a announcement which defaced currency notes going to be of no price after December 31, 2017.
When break news premier made nquiries from CBSL governor, Dr. Indrajith Kumaraswamy, about the expanded time period, he stated which President Sirisena advised the CBSL to expand the date, considering the busy schedule of the public during the festive season.
Therefore, CBSL urges the public to interchange defaced currency notes from the nearest authorised bank before March 31, 2018.
Legal action can be taken versus those included in damaging currency notes, under department 1949 of No.
collected by :Donald Luther