Money changing at Laugfs Sunup supermarkets
Laugfs Sunup Supermarkets, a subsidiary of Laugfs Holdings Limited
expanded its modern trade service by introducing foreign money changing
facilities in its outlets.
Central Bank Governor Ajith N. Cabraal handing over the
Foreign Money Exchange licence certificate to Laugfs
Holdings Chairman W K H Wegapitiya. Exchange Controller
Osman Chandrawansa was present.
The first of the outlet to introduce this facility was the Wellawatte
Laugfs Sunup supermarket last week.
Central Bank Governor Ajith Nivard Cabraal said with the rapid
development taking place in the country more facilities to engage in
money exchange transactions are necessary.
“The indictors what we had five years ago and when compared with
today there are positive changes.
“Today we are talking about remittances coming to the country to the
value of US $ 5 billion and it is increasing”, he said.
As the remittances increase we have to make sure that our
infrastructure is improved to meet the demand and offer easy access for
the people to change their money without any hindrance.
Earlier we had very few money changers and we extended that to
finance companies too. With the expected increase in the level of
remittances the money changing facility needs to be enhanced and the
measures taken by Laugfs are timely, he said.
Laugfs Holdings Chairman W K H Wegapitiya said “Laugfs being a truly
Sri Lankan company always supports the national cause of the country.
The money changing facilities in the Sunup Supermarket chains would
help the country to move forward with broad based services. The
inclusion of money changing facility at the supermarket will enable
customers to do their shopping while also attending to money exchange
needs. This will provide a better super marketing experience”, he said.