- Last Update 2024-11-05 21:21:00
Sri Lankan authorities crack down on exorbitant rates of US dollar by dealers
Sri Lankan authorities are cracking down on money changers who exchange foreign currency higher than banking rates. This follows the US dollar rising to above Rs.300 in the informal market while the rate in the official market is lower
In a statement on Monday, the Central Bank (CB) said “the public is hereby notified that in terms of the provisions of the Foreign Exchange Act, No. 12 of 2017, money changers have been prohibited from offering higher exchange rates to customers beyond the exchange rates offered to such money changers by licensed banks”.
It warned that their licenses would be suspended or revoked if they transact any foreign currency transactions at rates beyond the rates stipulated by licensed banks.
“The public is requested to inform the Department of Foreign Exchange of any instances that a money changer offers higher exchange rates for any transaction,” the statement said.
-
Still No Comments Posted.
- November 1, 2024 - 229 - 0
Northern Province’s Palali-Achchuveli road reopens after 30 years
The Palali-Achchuveli main road in the Northern Province was reopened today (Nov 01) after being closed for over 30 years, following a directive from President Anura Kumara Dissanayake.
- October 29, 2024 - 228 - 0
Housemaid gets off with pilot’s baggage at BIA
A housemaid who stole a pilot’s baggage at the Bandaranaike International Airport was arrested within three hours after the robbery today, Police said.
- November 1, 2024 - 215 - 0
Immigration Dept. to launch online passport appointment system
The Department of Immigration and Emigration has announced plans to introduce an online appointment system for passport applications, set to launch soon.
- November 1, 2024 - 185 - 0
Dr Hans Wijayasuriya to be named as Secretary to Ministry of Digital Economy
Dr Hans Wijayasuriya named as the Chief Advisor to the President on Digital Economy is to be appointed as the Secretary of a newly constituted Ministry of Digital Economy, the President’s Media Division said.
Related Articles
ANFREL Launches Observation Mission
- 05/11/2024 - 48 - 0
Severe Lightning Advisory Issued for Multiple Provinces
- 05/11/2024 - 28 - 0
Court of Appeal upholds prison sentence for ex-Deputy Minister
- 05/11/2024 - 131 - 0
Leave Comments