The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to permanently revoke permit No. DFE/RD/0058 issued to Prasanna Money Exchange (Pvt) Ltd, in terms of section 11 (3) of the Foreign Exchange Act No. 12 of 2017 (the Act).
The CBSL earlier suspended the permit issued to Prasanna Money Exchange (Pvt) Ltd following non-compliances committed by the Company.
“The public is hereby informed that Prasanna Money Exchange (Pvt) Ltd is no longer permitted to engage in money-changing activities as an Authorized Money Changer and buying, selling, and exchanging foreign currency with Prasanna Money Exchange (Pvt) Ltd is considered as a contravention of the provisions of the Act,” CBSL said.