Mode of Payment
All over Sri Lanka a unified exchange rate for foreign currencies is
practised. The rates prevail in accordance with basic exchange market
conditions. 100 Sri Lankan cents combine to make a Sri Lankan Rupee.
Currency notes of the country are in 10, 20, 50, 100, 500 and 1000 Rs.
denominations whereas coins are minted on 5,10, 25, 50 cents and 1,2 and 5
Hotels and shops in large cities and tourist hotspots accept major credit
cards without any surcharge. One can also withdraw cash against reputed
Law makes it mandatory to declare currency exceeding 10,000 USD to
Banks take nominal fee to change travellers cheques. The fee includes a
stamp duty and processing fee. One can also get stolen or misplaced
travellers cheques replaced in the Bank of Ceylon.
Major banks and agencies provide the facility of Telegraphic Transfers.