Hotels permitted to accept dollar payments from Sri Lankans View(s):In a bid to draw foreign currencies in the possession of Sri Lankans into the banking system, the Government has issued a gazette allowing hotels registered with the Sri Lankan Tourism Development Authority to accept such money as payment for services. It permits hotels to accept such payment from persons resident in Sri Lanka in respect of services rendered. “By default, the US dollar is not a trading currency in Sri Lanka,” a travel industry source told the Sunday Times. “Hotels, however, could accept foreign currency from a foreign passport holder, but not a Sri Lankan national,” he continued. The latest gazette does not set any limits on the amount of foreign currency to be used in payment of services.

Source: Sunday Times May 02, 2021 00:54 UTC