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Authorisation of INR as designated currency do not make it a legal tender, clarifies Sri Lanka Central Bank

Authorisation of INR as designated currency do not make it a legal tender, clarifies Sri Lanka Central Bank
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Sri Lanka : Central Bank clarifies that Legal tender in Sri Lanka for domestic payments will remain as Sri Lanka Rupees (LKR)

Sri Lanka : Central Bank clarifies that Legal tender in Sri Lanka for domestic payments will remain as Sri Lanka Rupees (LKR)
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Indian Rupee not legal tender for domestic payments: Sri Lanka Central Bank

Sri Lanka's Central Bank said on Wednesday that no domestic transactions would be allowed with the Indian Rupee in the island country, as it warned people not to be misled by inaccurate information surrounding the issue.

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You can t use Indian Rupee for local transactions, Sri Lanka s central bank clarifies

"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 in a statement. It added that the INR was designated a foreign currency in Sri Lanka in August 2022. "Trade between Sri Lanka and India has grown rapidly after the Indo-Sri Lanka Free Trade Agreement, which came into force in March 2000," the bank said.

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Sri Lanka: Central Bank does not intend to use Indian Rupee as the domestic legal tender

On August 2, 2023, the Central Bank of Sri Lanka (CBSL) wishes to clarify certain misrepresentations of facts which are currently circulating in the

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