The basic unit of currency for Sri Lanka is the Sri Lankan Rupee (LKR). The Sri Lankan Rupee is the legal tender and is used for all transactions within the country. It is denoted by the symbol Rs or රු (in Sinhala script) and ரூ (in Tamil script).

The Sri Lankan Rupee is issued and regulated by the Central Bank of Sri Lanka, which is the country's monetary authority. The Central Bank is responsible for maintaining price stability and ensuring the smooth functioning of the financial system in Sri Lanka.

The currency is available in both coins and banknotes. Coins are available in denominations of 1, 2, 5, and 10 rupees, while banknotes are available in denominations of 10, 20, 50, 100, 200, 500, 1000, 2000, and 5000 rupees. The banknotes feature prominent figures from Sri Lankan history, landmarks, and cultural symbols.

When visiting Sri Lanka, it is advisable to exchange your currency for Sri Lankan Rupees at authorized currency exchange counters, banks, or ATMs. Foreign currencies such as US dollars, Euros, and British pounds are widely accepted for exchange. However, it is recommended to carry smaller denominations of foreign currency for better convenience.

It's important to note that Sri Lankan Rupees cannot be bought or sold outside of Sri Lanka. Therefore, it is advisable to convert any remaining rupees back into your home currency before leaving the country.

While traveling in Sri Lanka, it is essential to have sufficient cash with you as credit and debit cards may not be accepted in all establishments, especially in rural areas. However, larger hotels, restaurants, and shops in major cities may accept card payments.

In conclusion, the Sri Lankan Rupee is the basic unit of currency for Sri Lanka. It is regulated by the Central Bank of Sri Lanka and is available in both coins and banknotes. When visiting Sri Lanka, it is advisable to exchange your currency for rupees at authorized exchange points, carry smaller denominations of foreign currency, and have sufficient cash on hand for transactions.

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