Indian Rupee Not Legal Tender For Domestic Payments: Sri Lanka Central Bank

Indian Rupee Not Legal Tender For Domestic Payments: Sri Lanka Central Bank

Daily Current Affairs   /   Indian Rupee Not Legal Tender For Domestic Payments: Sri Lanka Central Bank

Change Language English Hindi

Category : National Published on: August 05 2023

Share on facebook
  • The apex bank of Sri Lanka said that no domestic transactions would be allowed with the Indian Rupee in the island country.
  • The apex bank said that even though the Indian Rupee (INR) has been endorsed as a designated foreign currency, it is not a legal tender in Sri Lanka for domestic payments/settlements.
  • INR was designated a foreign currency in Sri Lanka in August 2022.
  • "Any transaction executed between or among residents in Sri Lanka shall be in LKR (Lankan Rupee), being the legal tender in Sri Lanka," the central bank said.
Recent Post's
  • Pakistan shuts airspace and halts trade with India post-Pahalgam attack.

    Read More....
  • BHIM app introduces UPI Circle feature with partial delegation.

    Read More....
  • Pakistan terms diversion of Indus waters as ‘act of war’, threatens Simla Agreement abeyance.

    Read More....
  • Tamil Nadu bans raw egg-based mayonnaise for a year due to health risks.

    Read More....
  • Sports certificates now available via DigiLocker: Launched by Union Minister Mandaviya.

    Read More....
  • World Bank revises India’s 2025-26 GDP growth forecast to 6.3%.

    Read More....
  • US imposes fresh sanctions on Iran’s energy sector amid nuclear talk uncertainty.

    Read More....
  • Klaus Schwab resigns as WEF Chairman after five decades; interim chair appointed.

    Read More....
  • UNESCO adds 16 new Global Geoparks, bringing total to 229 across 50 countries.

    Read More....
  • World Immunization Week (April 24–30) promotes vaccine awareness to protect all age groups.

    Read More....