INSUBCONTINENT EXCLUSIVE:
The Central Bank says its continued spot examinations at the places of authorized money changers have revealed that the following money
changers have transacted at rates beyond the rates offered to them by Licensed Banks, thereby violating the directions issued to them under
the provisions of Foreign Exchange Act No
06Accordingly, warning notices have been issued to the above money changers ordering them to comply with the relevant directions, with
immediate effect, the Central Bank said in a statement.In the event the errant money changers fail to rectify the matters communicated
through the Warning Notices, the Central Bank will suspend or revoke the permits issued to them, it read further.
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