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DateLine Sunday, 27 July 2008

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New digital money order system soon

A new digital system for money orders to prevent frauds will be introduced shortly, said Posts and Telecommunication Minister, Mahinda Wijesekera.

He said that officers who were involved in multi-million rupee money order frauds will be severely dealt with after the investigation.

Post offices will have facilities to check the genuineness of money orders under the new system, he said. He said that the structure of the Postal Department should be changed to suit the present day needs.

The postal service is a highly competitive commercial venture and it cannot be run as a viable venture under the 19th and 20th century finance and administrative regulations introduced by the British, he said.

He said that he is not proposing to privatise the Postal Department but has proposed to restructure the Postal Department as an authority controlled by the government. He said that a 19,000 - strong postal workforce will agree to a change that will wipeout its annual loss of over Rs. 6,650 million as early as possible.

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