Central Bank orders commercial banks not to “devalue” the Sri Lanka Rupee

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The Central Bank of Sri Lanka (CB) on Wednesday ordered commercial banks not to devalue the Sri Lanka Rupee after having observed messages being circulated claiming that licensed banks have been officially asked to devalue the Sri Lanka rupee with immediate effect.

“The general public is hereby informed that there is no basis whatsoever for such claims, and the CB has not made any change to its stance or the operational arrangements on the determination of the exchange rate,” the banking regulator said in a statement.

It said the public is also advised not to rely on false and misleading information that is being circulated through social and conventional media.

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