Wed, 26 Jan 2022 Today's Paper

CB to freeze bank accounts using unlawful money transfer methods

2 December 2021 01:02 am - 37     - {{hitsCtrl.values.hits}}

A A A

Bank accounts of those who distribute & receive money through unlawful money transfer methods will be frozen with immediate effect, Central Bank Governor Ajith Nivard Cabraal said.

The Governor also urged all migrant Sri Lankans to use only legal channels to repatriate their earnings.

Earlier, the Central Bank announced that migrant workers will be able to fetch an additional Rs. 10 for every US Dollar they convert into rupees this month. The offer is for US Dollar conversions done via the Sri Lankan banking system and other formal channels.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 37

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  • Kikazaru Thursday, 02 December 2021 06:50 AM

    Now at the end of the road and hit the wall. Putting in politely we call it "Bankrupt" .

    common man Thursday, 02 December 2021 06:51 AM

    let the $ flot and they will send via banks. market price is 238/= per $ and bank pays 197. With this policy migrants will hold back the $ till it matches market rates.

    anura Nanayakkara Thursday, 02 December 2021 06:51 AM

    Too many rules since you became Governer . Why Mr. Cabraal ?? Punish all the bank robbers , not the citizens of this country !

    Kikazaru Thursday, 02 December 2021 06:52 AM

    Sri Lanka is on the verge or already bankrupt. You are struggling. Please go now that you has made for yourself and your former buddy a pension package. Give it to a group that can run the country.

    sss Thursday, 02 December 2021 06:59 AM

    yes yes Cabral and his masters need the dollars to import their luxuries and fatten their foreign accounts in the unlikely event of docile SL people rising against mega corruption and abuse of law

    Mohan Thursday, 02 December 2021 07:18 AM

    How about those who were mentioned in Panama paper

    samson de silva Thursday, 02 December 2021 07:21 AM

    What is this crazy man saying? Has he defined what "unlawful" channels are? My advice for all those Sri Lankans residing overseas: Do not remit your hard-earned money to Sri Lanka.

    Lanka Thursday, 02 December 2021 07:29 AM

    Hopefully, all those fraudsters will freeze themselves. Didn't the CB get robbed in the daylight and where is justice?

    Benjamin George Thursday, 02 December 2021 07:54 AM

    To freeze u must get a Court Order. Correct? Face the reality. Open Economy. U can't have 3 different RoE.

    Hawala Illai Thursday, 02 December 2021 08:01 AM

    In the predicament we are in, this is a step in the right direction. However sad to note that the Hawala informal money transfer system was allowed for decades though it was used for various unlawful activity.

    Lak Thursday, 02 December 2021 08:01 AM

    Yes commission ok. Bribe ok gift ok drug money transfer ok

    Econ-Mutt Thursday, 02 December 2021 08:03 AM

    How did you DE-FREEZE yours!!

    Joe Perera Thursday, 02 December 2021 08:10 AM

    CB should specify the unlawful money transfer methods. Otherwise, how would the people know what is unlawful. Are Online Money Transfer services unlawful?

    Borat Thursday, 02 December 2021 08:15 AM

    Just confiscate all monies you lot stole

    Premalal Perera Thursday, 02 December 2021 08:29 AM

    How about the accounts of people who have 160 million dollars in Pandora papers. The clown is running the circus. Whatever you do, the market will hit back.

    Gehan Thursday, 02 December 2021 08:29 AM

    The sooner he allows the market to decide the actual exchange rate the faster we can get out of this crisis. Desperate tactics by a desperate Governor.

    Kps Thursday, 02 December 2021 08:36 AM

    How about abolishing your sixteen lacks illegal pension.

    Mahesh Thursday, 02 December 2021 08:42 AM

    Another poor decision taken at the wrong time. Country will get bankrupt very soon and possibly rupee will become like zimbabwe currency. Better to leave this country as soon as possible.

    Rohana Kumarsiri Thursday, 02 December 2021 08:49 AM

    Then offer the fair exchange rate where we can currently have LKR 238 for 1 USD from private money exchangers,

    Nish Thursday, 02 December 2021 09:08 AM

    What is an example of an unlawful money transfer method? Spell out and tell people. Is the money you guys get via corruption a legitimate means? When people visit SL, they use money exchange counters on various localities in Colombo and other SL towns. They provide high rates, but never give a receipt or anything, but they are open with legitimate shop fronts with a name. Are they lawful?

    Gamini Thursday, 02 December 2021 09:10 AM

    It is only a threat. They cannot implement this. Yet, isn't giving less money than it's worth black marketing, unlawful and unethical?

    vince Thursday, 02 December 2021 01:24 PM

    Pohottuwa and the band of thieves that comprise it are masters of unethical practices and a bunch of thieves.

    joshua Thursday, 02 December 2021 09:31 AM

    Now Now ...who is talking?

    Fact Thursday, 02 December 2021 09:39 AM

    Very poor interest rates and the less trust in the Banking system due to current scenario drive people to keep their money safe in a different way. It's unavoidable. Unreasonable interest rates to depositers and low interest rates to borrowers is another reason for the Dollar crises. Goods more than our actual requirements have been brought into the country as it's profitable at a time when our money is depreciating day by day. Prices have gone up but there isn't any shortage for luxury goods in the market.

    Citizen k Thursday, 02 December 2021 09:54 AM

    If the accounts are frozen they will stop sending money or send a very small amount. Either way the country is a loser.Give them a very good rate and they will oblige.

    Udayakumaran Thursday, 02 December 2021 09:57 AM

    Is this another idea to grab our hard earned money?

    Nill mangke Thursday, 02 December 2021 01:12 PM

    Every plan of the government are not success.

    Kishan Wiratunga Thursday, 02 December 2021 09:59 AM

    Probably holding on to the last straw now. Printing money, stealing money in others' accounts.... What else?

    Zim Thursday, 02 December 2021 12:34 PM

    Do not send funds through the formal banks. Cabral is stealing in billions. Zimbabwe mugabe economy

    Nihal Thursday, 02 December 2021 12:56 PM

    Day light robbery

    truth Thursday, 02 December 2021 01:05 PM

    I worm hard in rain and hot sun. I will not send a single cent via official channels to this looters. Please guys dont send any money to srilanka via bank

    frozen balls Thursday, 02 December 2021 01:26 PM

    this case is so simple. freeze CB cabraal's bank accounts first...all rajapaksas next..sirisena's...and finally, all balance politician's accounts.

    Ranjith Thursday, 02 December 2021 03:24 PM

    Cabral what is happening dont worry print some more currencies

    N SENA Thursday, 02 December 2021 07:51 PM

    CABAL GETTING INSANE

    Citizen Thursday, 02 December 2021 07:55 PM

    People from overseas should take a hard look before you invest your dollar in Sri Lanka. Pathetic situation here.

    Kumar Thursday, 02 December 2021 11:13 PM

    Come on guys, good money didn't money didn't come to Sri Lanka.

    Cab Monday, 06 December 2021 01:19 PM

    Zim central bank governor did the same. He is in jail for stealing usd billions from people. Same tactics used by Cabral .


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.