Non-Renewal of the Money Changing Permits issued to fifteen (15) Money Changers (MCs) for the year 2023

The Monetary Board of the Central Bank of Sri Lanka has decided not to renew the money changing permits of the 15 MCs listed below for the year 2023, due to the non-compliance with a condition of the permits issued for the year 2022, which was communicated to the respective MCs on 22.02.2023.

No. Name of the Company Address of the Business Place
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 public is hereby informed 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.

Published Date: 

Monday, July 10, 2023