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.
Popular grade five tuition teacher, Hayeshika Fernando wanted over assaulting a 21 year old youth was granted bail today after she surrendered to courts.
A British national had been arrested over attempting to smuggle in the largest haul of kush( drugs) from Thailand, customs said.
First Bishop of the Batticaloa Diocese, Retired Bishop Joseph Ponnaiya, passed away today at the age of 74, following a brief illness.
The Government of Sri Lanka maintains that the allegation of genocide during the final phase of the conflict in Sri Lanka is unsubstantiated by any credible authority, either nationally or internationally, and is based on misleading information. Sri Lanka firmly rejects this false narrative and believes it has been propagated primarily for electoral gains within Canada.
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