Business Times

Love thy notes : CB

The Central Bank (CB) in a novel way to attract the attention of those who mutilate currency notes, is running a series of newspaper ads placing the importance of ‘loving your currency.”

“.. have you considered loving your currency notes and the coins we use every single day?” the bank asked in an recent ad. “We all love to have crisp notes and sparkling coins What would you feel if you get damaged, folded notes with drawings and giving out bad smell…? it asked, saying “ the first thing a foreigner would use in our beautiful paradise will be our currency. What would be their first impression on us? Will that be admiration or detestation?”

The ad asked: “Don’t you want your homeland to be inviting, clean and hygienic?”
CB Deputy Governor Dr Dharma Dheerasinghe said hundreds of notes are soiled and have writings on it which make it useless for legal tender, under the law. “Mutilation of notes is an offence but no one notices these ads that we run warning the public. Thus we thought of trying a different approach to attract public attention on the need to avoid mutilating notes,” he told the Business Times.

He said when banks bring money to the CB, the CB’s highly-sensitive machines detect and reject these notes, unlike the less-sophisticated machines used by commercial banks. “We are seeing an increase in the number of soiled or mutilated notes in recent times.”

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
Other Business Times Articles
Chinese investment zone in troubled waters
DCSL gets Rs 5.7 bln refund from Govt.
Rajapaksa win at presidential election seen in BT poll as main event in 2010
Probe accuses former MBSL Chairman of abuse of power
Love thy notes : CB
Creativity of the Veddahs
Comment - Wish list for 2011: Ensure proper food policy
Feature - Business Times on the year gone by
SLT to assume full management control of PEO TV
Global competition with $20,000 prize promotes ethics in finance
Fitch maintains 'BBB+(lka)' stable for HDFC
The Finance Company to reinvigorate operations in the New Year
Reefcomber acquires 78 acres in Kalpitiya for Rs. 122.18 mln
Singer Finance IPO draws Rs 54 bln, oversubscribed by 135 times
Diversity in ‘who you are!’
Service sector Gold to Hayleys Advantis
SEA compulsory for Sri Lanka’s development activities
International trade fair in Jaffna on January 21-23
Commercial Bank ATM at Ranaviru Sevana, Ragama
Learning Tamil at the Central Bank
MBSL signs collective agreement before time
Finance Ministry reshuffles senior officials
Rs. 2 bln tele drama content wasted –industry veteran says
Children from Mullaitivu join ‘Go Green’ project of LIOC
ICASL launches Certified Business Accountant qualification
RONA Electricals steps in to reduce electricity bills
ICASL strengthens its position in Sri Lanka
SEC says to extend credit facilities to clients
Union Bank on rails


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution