Collaboration between People’s Bank in Sri Lanka and National Investment Industrial Bank in the Russian Federation for the benefit of Russian tourists

The Embassy of Sri Lanka in Moscow is pleased to initiate a banking cooperation between People's Bank in Sri Lanka and National Investment Industrial Bank in Russia (NIIB) with a view to devising a platform for Russian tourists to make payments in Sri Lanka seamlessly in Sri Lankan Rupees (LKR) with effect from the 21st November 2022.*
According to this banking collaboration, Russian tourists will be able to remit funds to People's Bank in Sri Lanka prior to their visits, in liaison with the National Investment Industrial Bank in Russia without having any intermediate banks involved. Upon arrival in Sri Lanka, tourists will be issued Debit Cards which could be used to make payments in Sri Lanka.
Since a considerable amount of foreign exchange is expected to flow into Sri Lanka through the proper financial channel with this project, this initiative will contribute to enhance the foreign exchange position of the country while boosting the attractiveness of Sri Lanka as one of the best and emerging tourism destinations for Russian tourists.
More detailed information can be found in the attached file.