Currency
Sri Lanka Rupee (SLRe, singular; SLRs, plural) = 100 cents. Notes are in denominations of SLRs1000, 500, 200, 100, 50, 20, 10 and 2. Coins are in denominations of SLRs10, 5, 2 and 1, and 50, 25, 10, 5, 2 and 1 cents. There are also large numbers of commemorative coins in circulation.
Currency exchange
Foreign currency must be changed only at authorised exchanges, banks and hotels, and these establishments must endorse such exchanges on the visitor’s Exchange Control D form, which is issued on arrival and must usually be returned at the time of departure.
Credit & debit cards
American Express, MasterCard and Visa are widely accepted. Diners Club has more limited acceptance. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques
The rate of exchange for travellers cheques is better than the rate of exchange for cash. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.
Currency restrictions
The import and export of local currency is limited to SLRs1000. The import of notes from India and Pakistan is not allowed, otherwise, the import of foreign currency is not restricted but all amounts over US$5000 are subject to declaration. Export of foreign currency is limited to the amount declared on import.
Exchange rate indicators
The following figures are included as a guide to the movements of the Sri Lanka Rupee against Sterling and the US Dollar:
| Date | May '04 | Aug '04 | Nov '04 | Feb '05 | | £1.00= | 175.93 | 189.62 | 196.34 | 187.95 | | $1.00= | 98.50 | 102.92 | 104.94 | 99.52 |
Banking hours
Mon-Fri 0900-1300. Some city banks close at 1500, whilst some even have night bank facilities.
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