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 ILO has projected that global unemployment will remain at a historic low of 4.9% in 2026, though millions of workers continue to face extreme poverty and informal employment.

    Read More....
  • The World Bank has raised India’s FY26 GDP growth forecast to 7.2%, citing strong domestic demand and reforms, keeping India the fastest-growing major economy.

    Read More....
  • Sydney-based amateur Jordan Smith won A$1 million after defeating top professionals to clinch the ‘One Point Slam’ tournament ahead of the Australian Open.

    Read More....
  • The U.S. has suspended immigrant visa processing for citizens of 75 countries over concerns that they may rely on public welfare.

    Read More....
  • A Delhi court has convicted Kashmiri separatist leader Asiya Andrabi under the UAPA in a terror funding and conspiracy case.

    Read More....
  • Jaipur hosted the 78th Army Day Parade outside a cantonment for the first time, showcasing advanced military hardware and reinforcing the theme “Nation First.”

    Read More....
  • Russia has expelled a British diplomat over alleged espionage, further worsening already strained UK–Russia relations.

    Read More....
  • The Centre has appointed new Directors General for the BSF, ITBP and NIA to lead key security and counter-terrorism agencies.

    Read More....
  • Environmental activist and ‘Save Kurinji’ campaign leader G. Rajkumar passed away at 70, leaving behind a legacy of biodiversity conservation.

    Read More....
  • China recorded a historic trade surplus of $1.2 trillion in 2025, the highest ever achieved by any country globally.

    Read More....