Central Bank not to renew Money Changing Permits issued to 15 Money Changers for 2023

(LANKAPUVATH | COLOMBO) – The Monetary Board of the Central Bank of Sri Lanka has decided not to renew the money changing permits of 15 Money Changers for the year 2023.

The Central Bank of Sri Lanka said in a statement that the decision was taken by the Monetary Board due to the non-compliance with a condition of the permits issued for the year 2022.

The decision has been communicated to the respective Money Changers on 22 February 2023.

Accordingly, the money changing permits will not be renewed for the following 15 money changers:

1. Aruna Forexc (Pvt) Ltd – No. 22, New Bazaar Street, Nuwara Eliya
2. Brescia Grameen (Private) Limited – No. 88/02, Chilaw Road, Kattuwa, Negombo
3. Jeya Forex Exchange (Pvt) Ltd – No. 688, Galle Road, Colombo 03
4. Kamal Enterprises (Pvt) Ltd – No. 57A, Bristol Paradise Building, York Street, Colombo 01
5. Kudamadu Money Exchange (Pvt) Ltd – Main Road, Mahawewa
6. Midna Mini Market (Pvt) Ltd – No. 12, Shopping Complex, Wennappuwa
7. New Lanka Gold House (Private) Limited – No. 59, Rathnapura Road, Horana
8. Rafeek’s Gems (Pvt) Ltd – No. 109, Chatham Street, Colombo 01
9. Rimha Jewellers (Pvt) Ltd- No. 4/A, Masjidh Road, Puttalam
10. Salaka Trust Investments (Pvt) Ltd – No. 466, Union Place, Colombo 02
11. Sharanga Money Exchange (Pvt) Ltd – No. 157/1, Kasturiyar Road, Jaffna
12. Sornam Forex (Private) Limited – No. 59, Batticaloa Road, Kalmunai
13. Thamasha Forex (Private) Limited – No. 131, Bazzar Street, Chilaw
14. Universal Money Changers (Pvt) Ltd – No. 143A, Galle Road, Colombo 06
15. Vasanthas International Money Exchange (Pvt) Ltd – No. 56, D S Senanayake Veediya, Kandy

Accordingly, the Central Bank informs the public that the companies listed above are no longer permitted to engage in money changing activities, and buying, selling and exchanging foreign currency with such companies are considered as a contravention of the provisions of the Foreign Exchange Act, No. 12 of 2017.

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