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Soiled currency notes to be withdrawn

6 January 2012 12:44 am - 7     - {{hitsCtrl.values.hits}}


Central Bank officials will withdraw from circulation soiled currency notes of small denominations directly from people at places such as public markets and economic centres this year, officials said yesterday.

Central Bank Governor Ajith Nivard Cabraal said for a start notes in the denomination of Rs.10, 20 and 50 will be withdrawn and exchanged with new notes.

He said notes in small denominations do not reach the banking system and as such his officials would be deployed to obtain disfigured or soiled notes directly from people.

“Such notes regularly circulate among the people but rarely reach the banking system,” Mr. Cabral said. “We cannot expect the commercial banks to do this.”

He said it was not good for the image of the country to keep soiled notes in circulation.

“We know tourists are normally averse to have soiled notes,” Mr. Cabral said.

The Central Bank also has a clean-note policy. People are educated from time to time on the importance of keeping currency notes clean. It is an offence to discolour, disfigure or soil currency notes. (Kelum Bandara)

  Comments - 7

  • Refugee Friday, 06 January 2012 06:20 AM

    Instead why not give us resource to print “our own money”. Wade ivarai ;-)

    Benett Friday, 06 January 2012 06:22 AM

    So now they are starting to print money, hm. My my, we all know where that will end...

    Game kolla Friday, 06 January 2012 06:30 AM

    Soiled politicians are worthless.

    dean Friday, 06 January 2012 01:16 AM

    is simple you should educate your staff to be more courteous and remove the pasting behind the note policy so that people will com to the bank and exchange the notes with less timed consumed.

    Black Mamba Friday, 06 January 2012 01:40 AM

    At last something worthwhile has been thought up by the powers that be. Soiled and smelling currency note is a disgrace to our country. Even 'Tsunami' notes(salvaged in the aftermath) are still in circulation and the traders at the Pola proudly say it when they palm off these notes to the public.

    nawa Friday, 06 January 2012 02:51 AM

    first of all, bus conductors should be educated on how handle the notes

    Moda Gamarala Friday, 06 January 2012 04:56 AM

    Similarly, can someone suggest a method to remove soiled Politicians from the society.

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