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Tourist establishments mandated to accept forex from non-residents

20 January 2022 01:06 pm - 6     - {{hitsCtrl.values.hits}}

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All registered tourist establishments will soon be required to accept foreign exchange from non-residents of Sri Lanka.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) announced today that a decision has been made to mandate all registered tourist establishments to accept foreign exchange only in respect of services rendered to persons resident outside Sri Lanka.

The decision was taken at by the Monetary Board in consideration of the current and expected macroeconomic developments, the CBSL said in its first Monetary Policy review for the year.

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  Comments - 6

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  • Tourist Thursday, 20 January 2022 03:19 PM

    So we have to pay even more at tourist establishments? They are already a rip off for foreign tourists.

    Enri fadali Thursday, 20 January 2022 03:50 PM

    If I am staying in Sri Lanka I pay my bill in rupees. Thanks for the heads up. Now changing to Thailand next month. Try to rip me off Sri Lanka and I vote with my feet (and wallet)

    Terrence Thursday, 20 January 2022 04:09 PM

    Foreign currency laundered been cleaned through the legally established tourist establishments

    madi Thursday, 20 January 2022 05:56 PM

    this will reduce the number of tourists who visits SL. Most visit SL only because it is cheap when they convert their dollars

    tilak Thursday, 20 January 2022 05:56 PM

    when will this decision be reversed

    munas Friday, 21 January 2022 02:43 PM

    this decision will be reversed only when puspa rajapakses bank account is full of foreign currency


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