Sri Lankan central bank denies local media reports it informed banks “not to accept Qatari Riyals”

 07 Jun 2017 - 1:02

Sri Lankan central bank denies local media reports it informed banks “not to accept Qatari Riyals”

Reuters

COLOMBO: The Sri Lankan central bank in a statement denied it had informed banks “not to accept Qatari Riyals” as reported by some local media.

A top central bank official said the central bank will discuss the Qatar Riyal at a meeting on Tuesday.

Officials at the island nation’s main Bandaranaike International Airport told Reuters passengers had complained that banks at the airport had stopped buying Qatar Riyal.

About 50,000 to 60,000 Sri Lankans each year over the past two years have departed the country to work in Qatar, central bank data showed.

Qatar has provided the most number of jobs for Sri Lankan expatriates after Saudi Arabia in the last two years.

Earlier, Some Sri Lankan banks stopped buying Qatar Riyal on Tuesday, saying their counterpart banks in Singapore advised them not to accept the currency a day after the Arab world’s biggest powers cut ties with Qatar.

(Reporting by Shihar Aneez and Ranga Sirilal)