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.
The Coconut Research Institute has forecast a further decline of 250 million nuts crop for…
The proposed $3.7 million oil refinery to be built by China’s Sinopec in Sri Lanka’s…
Artificial intelligence ’s use in movie making is exploding. And a young film festival, now…
A van transporting schoolchildren veered off the road and overturned yesterday afternoon, injuring a schoolgirl,…
Sri Lanka’s tourism sector has reached a major sustainability milestone, with Sigiriya being officially declared…
Sri Lanka has received USD 641.7 million in workers’ remittances in May 2025, according to…