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Everything you need to know about money in Sri Lanka

by Angilina
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Sri Lanka has its own unique currency, and it is important to know the basics of money in Sri Lanka if you are planning to travel to the country. This blog post will provide an overview of everything you need to know about money in Sri Lanka, including the currency used, exchange rates, and tips for travelers. Read on to learn more about money in Sri Lanka!

The Sri Lankan Rupee

The official currency of Sri Lanka is the Sri Lankan Rupee. It is abbreviated as LKR and is issued by the Central Bank of Sri Lanka. The rupee is made up of 100 cents and comes in denominations of 10, 20, 50, 100, 200, 500, 1000, 2000 and 5000. However, it’s important to note that some smaller denominations are not commonly used, especially when making large purchases.

One thing to keep in mind is that it is not possible to exchange Sri Lankan Rupees outside of Sri Lanka. So, it’s best to convert your currency into LKR once you arrive in Sri Lanka.

Another important thing to note is that when paying in cash, the locals tend to round up the price to the nearest whole number, as they rarely use coins in everyday transactions. This may seem like a small amount but it’s worth keeping in mind.

Overall, the Sri Lankan Rupee is an important aspect to consider when visiting Sri Lanka. It’s always best to have some cash on hand when traveling, and in Sri Lanka, it’s especially important as not all vendors may accept credit cards.

How to get Sri Lankan Rupees

If you’re planning a trip to Sri Lanka, you’ll need to have some Sri Lankan Rupees (LKR) on hand. Here are some tips on how to get your hands on them:

1. Exchange money before you go: Many banks and currency exchange services offer the option to exchange your home currency for LKR. It’s a good idea to do this before you leave, as you may not be able to find exchange services in smaller towns or rural areas.

2. Withdraw money from ATMs: ATMs are widely available in Sri Lanka, particularly in cities and tourist areas. You can withdraw LKR from ATMs using your debit or credit card, but be aware that some banks may charge a fee for foreign transactions.

3. Use your credit card: Many hotels, restaurants, and shops in Sri Lanka accept credit cards. However, it’s always a good idea to carry cash with you as a backup.

4. Use a money transfer service: If you have friends or family in Sri Lanka, you can use a money transfer service like Western Union or MoneyGram to send them LKR.

Remember that it’s always a good idea to have a mix of cash and cards with you, as some smaller shops and restaurants may not accept credit cards. Additionally, be sure to keep an eye on exchange rates and fees when exchanging money or using ATMs. By following these tips, you should be able to easily get your hands on some Sri Lankan Rupees for your trip.

Where to spend Sri Lankan Rupees

Sri Lanka is a vibrant and bustling country that has a lot to offer visitors. There are numerous places where you can spend your Sri Lankan Rupees and enjoy everything the country has to offer.

Firstly, you can visit the bustling street markets to buy local products, souvenirs, and clothes. These markets are found in all major towns and cities, and they are a great way to immerse yourself in Sri Lankan culture. You can haggle over the price of goods and get some great bargains too.

If you’re looking for something a little more upscale, you can head to one of the many shopping malls located in cities like Colombo and Kandy. Here you’ll find a range of high-end stores selling designer brands, electronics, and other luxury items.

For food lovers, there are numerous local eateries that offer delicious Sri Lankan cuisine at very affordable prices. You can try out traditional dishes like hoppers, kottu, and curry, which are available at local street food stalls as well as upscale restaurants.

Sri Lanka is also home to many historic sites and natural wonders that are worth exploring. You can use your Sri Lankan Rupees to pay for entrance fees to places like the Sigiriya Rock Fortress, the Temple of the Tooth in Kandy, and the many national parks scattered across the country.

Finally, you can also use your Sri Lankan Rupees to pay for transportation services such as taxis, tuk-tuks, and buses. These are very affordable, and they’re a great way to get around and explore the country at your own pace.

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