CBSL advises against wilful mutilation and defacement of currency notes
Posted on March 21st, 2024

Courtesy Adaderana

The Central Bank of Sri Lanka (CBSL) has raised concerns about the recent trend of using currency notes to prepare ornaments and gift items and promotion of such activities through social media.

In a special notice issued to the members of the public, the CBSL’s Superintendent of Currency advised against wilful mutilation or defacement of currency notes.

Pursuant to Section 55 of CBSL Act, No. 16 of 2023, any person found guilty of cutting or perforating; affixing any seal or stamp by printing, stamping or drawing on; attaching or affixing things to; reproducing or making a facsimile of currency notes; or using such mutilated or defaced notes as a legal tender would be subjected to a fine of Rs. 25 million, imprisonment of up to 3 years or both.

As such, the CBSL urged the members of the public to refrain from engaging in the aforementioned unlawful activities.

Leave a Reply

You must be logged in to post a comment.

Disclaimer: The comments contained within this website are personal reflection only and do not necessarily reflect the views of the LankaWeb. LankaWeb.com offers the contents of this website without charge, but does not necessarily endorse the views and opinions expressed within. Neither the LankaWeb nor the individual authors of any material on this Web site accept responsibility for any loss or damage, however caused (including through negligence), which you may directly or indirectly suffer arising out of your use of or reliance on information contained on or accessed through this Web site. All views and opinions presented in this article are solely those of the surfer and do not necessarily represent those of LankaWeb.com.

This entry was posted on Thursday, March 21st, 2024. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response.