Cash flow low in Jaffna due to closure of banks

[TamilNet, Friday, 18 August 2006, 13:40 GMT]
Cash flow is decreased to minimum among the people in Jaffna district following the continuous closure of branches of state banks for about a week since the outbreak of fresh fight between the Sri Lanka forces and Liberation Tigers of Tamil Eelam (LTTE) fighters. Customers who have saving and current accounts in state banks are unable to withdraw their money for their immediate use, civil sources said.

Jaffna


However customers of two private banks are able to withdraw their money for their urgent purpose that is also through the Automated Teller Machine (ATM) card. But the amount is limited to about nine hundred rupees at a time. Private Banks are also closed since the outbreak of fight.

The Jaffna district is under curfew imposed by the Police since August 11 with relaxation a few hours a day. Hundreds of people who have accounts in private and public sector banks are seen queuing daily in front of the bank branches during the relaxation of curfew hours.

People fear the cash flow through banks would come to a halt if required money is not supplied to banks from Palaly military base where Jaffna District Peoples' Bank has kept its money for safety.

Meanwhile acute shortage for food and other essential material prevails in the peninsula as all land and sea transport of food items has come to a halt.

Jaffna
Jaffna

 

Latest 15 Reports
25.09.17 19:22  
Political prisoners resume hunger-strike as Colombo transfers hearings to Anuradhapura
24.09.17 22:26   Photo
Colombo's ‘State Land’ seizure to affect thousands in Vadamaraadchi East
23.09.17 09:46   Photo
Tamil children massacred by CBK's Sinhala Air Force remembered in Jaffna
22.09.17 23:32   Photo
Sinhala colonisation stepped up, genocidal system cannot be transformed through ‘consensus’
21.09.17 22:14   Photo
Champoor Tamils’ security, livelihood threatened by US military partnership with genocidal Sri Lanka
20.09.17 23:37   Photo
Sathasivam papers on Sumerian-Tamil connections see the light of day
19.09.17 22:53  
Tamil village in Batticaloa-Polonnaruwa border Sinhalicized by Mahaweli authority, Survey Dept
18.09.17 18:18   Photo
Uprooted people find houses destroyed by SL Navy in Ira'nai-theevu after 2008
17.09.17 22:07  
Muslims oppose Colombo's ‘Sinhala-only’ policy in public administration of Ampaa'rai
16.09.17 23:49  
Families of enforced disappeared want answers, no deceptive bills to genocidal system
15.09.17 23:30   Photo
30th remembrance of Lt Col Thileepan strengthens resolve among Eezham Tamils
14.09.17 22:52   Photo
Sirisena’s Mahaweli ministry twists old records to Sinhalicize Paduvaankarai
13.09.17 16:39  
EPRLF opposes 20A to SL Constitution, ITAK duo wrongs again says Premachandran
12.09.17 23:17   Photo
Alienate lands to Sinhala colonists or face transfer: SL Governor warns Tamil DS in Vanni
11.09.17 12:10  
Risking legal action, Hakeem wants to transfer lands to Hizbulla’s colony in Batticaloa
 
Find this article at:
http://www.tamilnet.com/art.html?catid=13&artid=19285