The Sri Lankan Rupee (Rs) is made up for 100 cents but you’ll rarely see cents as most coins are of Rs10, 5, 2 and 1 in value. Currency notes in circulation are in denominations of RS.5000, 2000, 1000, 500, 100, 50, 20 and 10. As new notes are being phased in replacing two older versions, you will find some notes of the same denomination come in three different colors. Watch carefully when you are handling currency to see that you don’t mistake a high denomination note for a lower one. Even Sri Lankans make that mistake.
Visitors bringing into Sri Lanka an excess of $10000 in any foreign currency should declare the amount to customs on arrival, to allow that much to be taken out again. Keep exchange receipts so you can easily exchange excess rupees back into foreign currency on departure.
Banking Hours: All banks in the country open for the public from 0900hrs to 1300hrs from Monday to Friday, but some banks have extended their opening hours until 1500hrs and are also open on Saturday as well as most of banks metro branches 365 days open. There are ATMs for obtaining cash with credit or debit cards in every town; look for the sign equivalent to the one on your card. Some ATMs do not return the card until after the transaction is completed, so don’t pocket the cash and leave without collecting your card.