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Money matters

Money Matters

Money Matters: The Sri Lankan Rupee (LKR) is the local currency in Sri Lanka. Understanding Sri Lanka currency exchange and Money Matters is important for every traveler. Coins commonly used in 2026 include Rs. 1, 2, 5, 10, and 20, while banknotes are Rs. 20, 50, 100, 200, 500, 1000, 2000, and 5000. A new commemorative Rs. 2000 note entered general circulation in late 2025. Avoid torn or heavily damaged notes, as some vendors may refuse them.

Money matters - Sri Lanka currency
Money matters – Sri Lanka currency
Sri Lanka currency conversion & exchange rates

Money Matters & Currency Exchange: Currency values fluctuate. Approximate rates in 2026 are:

  • 1 USD ≈ Rs. 309
  • 1 EUR ≈ Rs. 363
  • 1 GBP ≈ Rs. 417

For the most precise daily rates, please check the Central Bank of Sri Lanka.

Money Exchange & Banking - US$
Money Exchange & Banking – US$
Banking in Sri Lanka
  • Sri Lanka has a strong banking system with major banks such as Bank of Ceylon, People’s Bank, Commercial Bank, HNB, Sampath Bank, and Seylan Bank.
  • Sri Lanka banking hours are generally Monday to Friday from 9:00 AM to 3:00 PM, closed on weekends and Poya Days (full moon holidays). In major cities like Colombo, some branches offer extended hours until 6:00 PM or 7:00 PM.
Money Exchange & Banking
Money Exchange & Banking
Sri Lanka cash withdrawal & ATM fees
  • ATMs are available in almost every town. Sri Lanka cash withdrawal is easiest using Visa and Mastercard, with Commercial Bank, Sampath Bank, and HNB being the most reliable. Be aware of Sri Lanka ATM fees, which may apply depending on your card provider.
Sri Lanka travel budget & money exchange
  • Hotels may exchange cash outside bank hours, but Sri Lankan currency exchange rates are usually 5–10% lower than bank rates. US Dollars, Euros, and British Pounds are easiest to exchange. Canadian and Australian dollars are accepted in major cities but may be harder to exchange in smaller towns. Traveler’s checks are largely obsolete, so rely on cash and travel cards instead.

 

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