CBSL advises against wilful mutilation and defacement of currency notes - Adaderana Biz English
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CBSL advises against wilful mutilation and defacement of currency notes – Adaderana Biz English

The Central Bank of Sri Lanka (CBSL) has lifted concerns about the recent development of applying currency notes to prepare ornaments and gift products and advertising of this kind of things to do as a result of social media.

In a particular detect issued to the users of the general public, the CBSLs Superintendent of Currency advised versus wilful mutilation or defacement of currency notes.

Pursuant to Portion 55 of CBSL Act, No. 16 of 2023, any person uncovered guilty of slicing or perforating affixing any seal or stamp by printing, stamping or drawing on attaching or affixing points to reproducing or creating a facsimile of currency notes or utilizing this sort of mutilated or defaced notes as a authorized tender would be subjected to a great of Rs. 25 million, imprisonment of up to 3 several years or equally.

As these types of, the CBSL urged the associates of the general public to refrain from partaking in the aforementioned illegal activities.