Online foreign currency payments are prohibited
Occurred in Sri Lanka on Aug. 19, 2021 at 10 a.m.
Reported by Nishadi Gunatilake via Internet on Aug. 20, 2021 at 9 a.m.
Reported by Nishadi Gunatilake via Internet on Aug. 20, 2021 at 9 a.m.
# foreign exchange crisis
This report is Confirmed false
and is of
Medium Priority.
Here is why -
Central Bank of Sri Lanka (CBSL) has issued a press release on 20th August 2021 stating that no such restriction has been imposed on "current transactions of personal nature". However, it further stated that some banks have introduced certain limits on the use of Electronic Fund Transfer Cards (EFTCs) transactions in foreign exchange to avoid misuse of such cards and to prioritize transactions in line with foreign exchange positions of such banks. CBSL also had requested the public to contact the respective banks if they encounter any difficulty in making legitimate payments using EFTCs, while using foreign exchange sparingly at present.
Resolution added by - Nishadi Gunatilake