Central Bank to stop making payments for defaced notes

News

In a statement the Central Bank yesterday said that it will not make payments to mutilated, altered and defaced currency notes after December 31, 2017.

The statement said that the holders of these currency notes will have to suffer the loss of face value of such notes.

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

The statement added that no claims in respect of the willfully mutilated or altered notes shall be entertained and such notes shall be retained by the CBSL.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

September 17, 2025

- 196 - 0

President says CEB employees would have to make a choice in next two months

President Anura Kumara Dissanayake today warned that Ceylon Electricity Board Employees would have to make a choice in the next two months.

September 20, 2025

- 185 - 0

Heavy damages caused to shops in Pettah due to fire

Several shops were damaged in a major fire that broke out in a shop on the third floor of a building at First Cross Street in Pettah, Colombo, today evening.