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

  • The Philippine eagle, one of the largest raptors, remains critically endangered with under 500 mature individuals.

    Read More....

  • Kannada filmmaker Joe Simon passed away at 80, leaving a legacy across 100+ films.

    Read More....

  • India will host the first International Military Adventure Challenge Cup from February 18–23 in the Eastern Himalayas.

    Read More....

  • JNCASR researchers discover wave-like heat transport in Tl₂AgI₃, challenging traditional phonon theory.

    Read More....

  • Vast partners with NASA for its sixth private astronaut mission to ISS, preparing for Haven-1 station.

    Read More....

  • India produced 33.69 million kg of wool in FY24; Rajasthan contributes nearly half of total output.

    Read More....

  • Uday Kotak appointed Chairman of GIFT City to boost India’s IFSC and global financial presence.

    Read More....

  • PM Modi will inaugurate India AI Impact Expo 2026 from 16–20 February at Bharat Mandapam.

    Read More....

  • Unani Day 2026 and National Conference concluded in Mumbai, highlighting innovation and evidence-based practice.

    Read More....

  • India launched CBDC-based Digital Food Currency pilot in Gujarat to improve transparency and efficiency in PDS.

    Read More....