Sri Lankan Rupees Archives

SL aims to welcome 1 million tourists this year; Harin Fernando Source : dailymirror Tourism minister Harin Fernando who was in Ahmedabad to promote tourism in the island nation said that as things get back to normal after the recent political crisis in the island nation, the government aims to receive at least 10 lakh tourists this year, mostly from India. Fernando, who was in Ahmedabad to promote tourism in the island nation, said religious and cultural tourism between Sri Lanka and India “will make a lot of sense”. “There are a lot of commonalities we can find with India, and we think the next year will be mostly dedicated to India,” Fernando told reporters. Sri Lanka has already logged five lakh tourists for the current year, and hopes to end the year with 10 lakh tourists, mostly from India, the minister said. He further said 2018 was the best for ...

Grace period to deposit undeclared foreign currency Source:Sundayobserver The Finance Ministry has decided to give a one-month grace period to deposit in licensed commercial banks any amount of undisclosed foreign currencies including US Dollars and UK Sterling Pounds earned by Sri Lankan citizens through various channels without any legal impediment or restrictions. Finance Ministry sources said this measure was referred to President and Finance Minister Ranil Wickremesinghe’s approval on Friday, August 5. An opportunity will be given to people to deposit any amount of foreign currencies earned through foreign employment, tourism, various other programs and overseas training and workshops and which they still have in their possession during this grace period. However, they will not have to disclose how they came into possession of such foreign currency and there will not be any penalties for not declaring them earlier. ...