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Sri Lankan Rupee

About The Sri Lankan Rupee: The Currency of Sri Lanka

quick facts

Quick Facts About the Sri Lankan Rupee Notes

Country of Origin

Sri Lanka

Symbol

Rs

Currency Code

LKR

Nick Names
Minor units

Rupee (Re)

Denominations (Banknotes)

2o, 50, 100, 200, 500, 1,000, 2,000 and 5,000 rupees

Motto
Identification Feature

The Sri Lankan Hanging Parrot (Loriculus beryllinus) can be seen on the note's right side, while the White Four Ring Admiral butterfly can be seen on the note's left side (Ypthima ceylonica).

Issuing Bank

Central Bank of Sri Lanka

In Circulation Since

1895

INR Exchange Rate

0.3328

The currency of Sri Lanka is the Sri Lankan Rupee. It is divisible into 100 cents, however, because of its low value, cents are rarely used in everyday transactions. Since there are several other currencies with the same name, the World Bank recommends using the completely disambiguating acronym SL Rs to avoid confusion. The Sri Lankan rupee symbol is Rs.

 

The current rate of Sri Lankan Rupee is INR (0.3328 ) . You can keep an eye on the live Sri Lankan Rupee value.

History of the Sri Lankan Rupee

In 1825, the rixdollar Ceylon was replaced by the British Pound at a rate of 1 Pound = 13 13 Rixdollars, and British silver coins entered circulation.

 

Since Ceylon had previously been part of the Indian currency region, the Indian Rupee was adopted as the country's official coin on September 26, 1836. However, Treasury bonds denominated in British pounds continued to circulate alongside the Rupee. In 1844, the Bank of Ceylon began printing banknotes in Sri Lanka, and by 1856, these had completely replaced the previous Treasury notes.

 

After achieving autonomy in 1948, Ceylon established its Central Bank in 1950. After Ceylon's rebranding as Sri Lanka in 1972, the local currency also changed its name to reflect the new moniker. In the previous 100 years, several series of banknotes have been issued, the most recent being in 2011. The 11th series of Sri Lankan rupee notes, in six different denominations, was released by the Central Bank of Sri Lanka (CBSL) on February 4, 2011.

Countries Accepting the Sri Lankan Rupee

The Sri Lanka Rupee is the legal tender and official currency of Sri Lanka and is used for everyday financial transactions.

Amount in the Sri Lankan Rupee You Should Carry for Your Trip

The cost of your trip to Sri Lanka will depend on a number of things, like how often you eat out, how nice your hotel is, and how often you take public transportation. If you want to go on vacation and still get everything you want, you'll need about LKR 2,500 per day. On a luxury vacation, it's not unusual to spend more than LKR 23,000 per day on things like private transportation, meals with Michelin stars, and stays at five-star hotels. If you and your partner want to take a trip, keep in mind that the total cost of the trip could be anywhere from LKR 5,000 to LKR 50,000, depending on what you do.

 

In Sri Lanka, a single hotel room can cost anywhere from LKR 1,300 to LKR 15,000 per person per day. Your daily transportation costs could be anywhere from LKR 215 to LKR 2,000 per day, depending on whether you walk, take the bus, or call a cab. This would depend a lot on how you get around.

Best Ways to Identify Counterfeit Sri Lankan Rupee Notes

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There are a few ways through which you can spot the counterfeit Sri Lankan Rupee notes:

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    The watermark, which is depicted on the authentic note, is a different bird for each denomination. There's also a vertical watermark highlighting the monetary worth.

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    Each corner of an authentic banknote features a Cornerstone® watermark in the shape of a pair of diagonal bars.

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    When held up to the light, the front and back of the bill's numerical value align perfectly.

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    A close inspection of any authentic note reveals the letters "CBSL" and the numerical value.

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    To aid the visually handicapped, the denomination is printed in a vertical order of densely written dots (beginning with one dot for Rs 20 currency note) on the left side of the note. Feel the raised printing with your fingers as you run them across the authentic note (such as the title Central Bank, tactile bars, and primary graphics).

counterfiet

Process of Exchanging the Sri Lankan Rupee

The process of converting the Sri Lankan Rupee to Indian Rupee is immensely easy. Please note that the 1 Sri Lankan Rupee to INR value is subject to change so keep an eye on the Sri Lankan Rupee rate alert. Below, we have mentioned some of the popular ways to convert Sri Lankan Rupees to Rupees.

Internationally-Accepted Card

A multi-currency forex card is counted among the most economical and safest way of carrying the Sri Lankan Rupee.

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    The BookMyForex Multi-Currency card can be loaded in 14 currencies and features zero forex mark-up.

Online Forex Marketplace

The simplest and most cost-efficient way of converting your Sri Lankan Rupee is using an online forex marketplace such as BookMyForex, a platform by MakeMyTrip, offering the best conversion rates and currency exchange service. The platform offers a 5-minute fully-digital online process for currency exchange.

Visiting Your Bank

The most traditional way of converting the Sri Lankan Rupee to Rupee is by visiting a bank and standing in long queues. It is not only time-consuming but you also end up paying a high cost for making the Sri Lankan Rupee convert to Indian Rupees.

Local Money Changers

You can look for an Authorised Dealer Category II or someone who has a money changers licence. Money exchangers offer competitive Sri Lankan Rupee exchange rates, and you’d not need a bank account in this case. However, the process of rate haggling can be quite frustrating for those who are looking for an easy way to convert Sri Lankan Rupee to INR.

 

On the other hand,BookMyForex, the online marketplace, offers internationally-accepted forex card and currency notes at the best rates via a convenient online process.

Airport

If you would like to convert the Sri Lankan Rupee in India, one of the costliest ways to do so would be to get the Sri Lankan Rupee exchanged at an airport due to the exorbitantly high LKR exchange rates. Currency exchange at the airport will prove to be 5%-15% costlier than BookMyForex.

Exchange the Sri Lankan Rupee with BookMyForex

BookMyForex, the online forex marketplace by MakeMyTrip, makes it a hassle-free affair for you to convert the LKR to Indian Rupees as well as Indian Rupee to Sri Lankan Rupee. Please note that the 1 Sri Lankan Rupee to INR value is subject to change so keep an eye on the Sri Lankan Rupee rate alert. You should choose MakeMyTrip for currency exchange for the following reasons:

wide range products

Wide Range of Products

  • Forex (Currency Notes) - Available in 100+ cities across India, BookMyForex allows you to get your currency notes delivered on the same day or the next day after 100% digital booking.

  • BookMyForex Multi-Currency Card - You can load this card in 14 currencies with 0% Forex Mark-up. Once you have booked this card, you can receive it the same day (if booking is made before 1 PM) or the next.

  • International Travel Insurance - MakeMyTrip also offers international travel insurance at cheapest rates in the market. Also, you can opt for this product if you’d like MMT to handle your mandatory travel insurance requirements along with a VISA application.

  • Travel Loan - With TripMoney, you can avail a travel loan of up to INR 1,00,000 (lifetime limit) for all your travel and holiday needs.

Best Exchange Rates

Best Exchange Rates

BookMyForex makes it easy for you to buy Sri Lankan Rupee or sell Sri Lankan Rupee at live and best exchange rates.

Quick Money Transfer

Quick Money Transfer

You can also enjoy quick international money transfers on BookMyForex. The 5-minute digital process offers the best forex rates, and you can receive funds abroad within 12 to 48 hours.

Home Delivery

Home Delivery

BookMyForex delivers the Sri Lankan Rupees at your doorstep. So, you can simply order and receive your currency from the comfort of your home.

Best Rates to Exchange the Sri Lankan Rupee

You’d need to keep an eye on the current currency rates, if you’d like to know the exact value you’d get on converting 1 Sri Lankan Rupee in Rupees. The exchange rates keep on fluctuating. BookMyForex, an online forex marketplace by MakeMyTrip, keeps you updated with the live currency exchange rates. You can keep up with the changing value of 1 Sri Lankan Rupee in India in real-time on the platform and get the best deal. Currently, 1 LKR is equivalent to 0.3328 INR .

Best Ways to Carry the Sri Lankan Rupee

BookMyForex allows you to convert INR to the Sri Lankan Rupee at the best exchange rates so that you can carry the Sri Lankan Rupees without any hassle. Some of the best ways to carry the Sri Lankan Rupee are mentioned below:

Bookmyforex

Currency Notes

You can buy the US Dollar notes at live and best exchange rates on BookMyForex so that you can be ready for your trip with sufficient cash in your hand.

BookMyForex Multi-Currency Card - 0% Forex Mark-Up

The Multi-Currency Forex Travel Card available on MakeMyTrip with BookMyForex as the co-branding partner comes with 0% forex mark-up over interbank rates.

How to Buy the Sri Lankan Rupee at Best Rates - Currency Notes and Cards

Whether you want to buy forex cards and currency notes or sell the Sri Lankan rupee, MakeMyTrip makes the entire process quite easy. It doesn’t matter whether you want to convert the Sri Lankan rupee to LKR or INR to Sri Lankan rupee, you only need to follow the below-written steps:

  • STEP 01

    Select your city from the drop-down list.

  • STEP 02

    Choose the currency you have and the currency you want.

  • STEP 03

    Opt for a forex card or currency notes from the list.

  • STEP 04

    Mention the forex amount. The live currency exchange rate will show up next to it.

  • STEP 05

    The converted currency amount according to the exchange rate will show up automatically.

  • STEP 06

    Then proceed with booking your order.

Documents Required to Buy or Sell the Sri Lankan Rupee

Here are some important documents mandated by the RBI that you must submit in order to buy or sell the Sri Lankan Rupee in India.

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    Copies of your valid Indian passport

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    PAN Card

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    Confirmed air ticket indicating your plan to travel within 60 days

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    Valid visa (it may not be required for every country)

Different Purposes for Exchanging the Sri Lankan Rupee

  • Private Travel: You can avail of up to LKR 10,000 for a private trip to the Sri Lanka.

  • Studying Abroad: You can purchase foreign exchange of up to LKR 30,000 or up to the estimate shared by your educational institute.

  • Employment Purpose: In case you have a letter of employment, you can buy foreign exchange of up to LKR 5,000.

  • Emigration: If you have an emigration visa, you can buy foreign exchange for up to LKR 5,000.

  • Gift and Donation: You can gift or donate up to LKR 5,000 annually on the basis of self-certification

  • Medical Treatment: On the basis of self-certification, you can buy foreign exchange of up to LKR 50,000 for medical treatments outside of India. Once the limit is surpassed, you have to provide the estimated expense that would be incurred at the hospital.

Buy and Sell the Sri Lankan Rupee Online at Best Exchange Rates

With BookMyForex, the online forex marketplace by MakeMyTrip, you can easily convert your currency. Enjoy unbeatable currency exchange rates and opt for BookMyForex Multi-Currency Cards as well as foreign currency notes. with no forex mark-up. MakeMyTrip also present the real-time value of one Sri Lankan Rupee in Indian Rupees so that you can stay updated with the ever-changing Sri Lankan Rupee value when converting your money to other currencies.

Home Delivery of the Sri Lankan Rupee

In addition to a smooth online process, BookMyForex also delivers the Sri Lankan Rupees right at your doorstep. In fact, you can enjoy same-day door delivery. So, you do not have to waste any time visiting a local money exchanger and picking up your money.

Other currencies to INR Conversion

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Frequently Asked Questions

  • What is the currency of Sri Lanka?

    The official currency of Sri Lanka is the Sri Lankan Rupee (LKR). It's used for all kinds of transactions across Sri Lanka, from shopping to dining and travel.

  • How do I get cashback after placing my forex order?

    Find out more about the cashback offer on your Sri Lankan Rupee (LKR) purchase by clicking here.

  • What is the best way to convert LKR to INR?

    You can convert LKR to INR using different methods such as visiting a nearby bank or an airport counter. However, both of these methods will prove to be time-consuming as well as costly. There are local money exchangers available but you might need to indulge in negotiations with them. Therefore, MakeMyTrip, powered by BookMyForex, is the perfect way to convert your currency. This online Forex solution offers currency exchange at live rates and delivers currency notes or Forex cards to your doorstep.

  • What will happen to the leftover Sri Lankan Rupee currency when I return from my trip?

    You can easily exchange any leftover currency notes or the money left in your Forex card with MakeMyTrip, powered by BookMyForex, once you have returned from your trip.

  • Can I invest in the Sri Lankan Rupee?

    Yes, you can invest in the Sri Lankan Rupee via mutual funds, ETFs, or ETNs. However, you should keep an eye on market fluctuation and geopolitical concerns.

  • Will I receive authentic Sri Lankan Rupee notes?

    Yes. MakeMyTrip offers genuine notes from RBI-licensed companies only.

  • Is it legally allowed to hold Sri Lankan Rupee in India?

    While it is acceptable to hold the Sri Lankan Rupee up to the amount authorised by RBI, you cannot use this currency for any kind of transaction in India.

  • What if I run out of the Sri Lankan Rupee currency while travelling?

    If you are carrying a MakeMyTrip multi-currency Forex card while travelling, then you can easily load it up and receive the money abroad within 48 hours.

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