Central Bank cracks down on domestic dollar transactions View(s):The Central Bank this week cautioned against the rising tendency among residents of Sri Lanka to make domestic transactions using foreign currencies. This is seen as a flagrant violation of the law as highlighted by the Central Bank. It is mandated by the Central Bank of Sri Lanka Act, No. The Central Bank was unequivocal saying it has “not granted any authorisation for local merchants to receive payments” in this manner. The warning given by the Central Bank appears not only aimed at enforcing the requirement but also at conveying a message.
