Banks forcibly converting USD into LKR?
05 Jan 2022
Banks forcibly converting USD into LKR?
05 Jan 2022
- Customers complain banks converting without their consent
- Cabraal denies forced forex conversion
- “I just confirmed with my bank manager that there’s a CBSL circular instructing them to do this for foreign currency remittances received from October 2021 onwards. I’ve asked for a copy.”
- “The bank forcibly converted the total forex remittance of my account last month without my consent citing your instructions. These were fees for my foreign consultancies. When questioned, they said this is a directive issued to them by the Central Bank.”
- “Bank held on to my USD without transferring it to my NRFC account twice in the last 30 days, forcing me to convert the entire amount to LKR. I had to send multiple emails and argue with the bank to have the funds transferred to the USD account. This never happened before.”
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Courier/Delivery, Medicine Delivery, and access to over 700 Top Brands. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.