June, 10, 2026
The Sri Lankan Rupee (LKR) saw a significant appreciation against the US Dollar today (10), following a strategic policy shift by the Central Bank of Sri Lanka (CBSL) aimed at boosting domestic currency liquidity.
According to the daily exchange rate sheet released by the Central Bank, the buying rate of the US Dollar dropped from Rs. 332.38 to Rs. 324.66, while the selling rate saw a marked decline from Rs. 342.08 to Rs. 335.39.
This surge in the value of the Rupee comes immediately after the Central Bank issued an extraordinary gazette notification yesterday (09th), drastically shortening the timeframe for exporters to convert their foreign earnings into local currency.
Under the new regulations, the previously allowed three-month window for currency conversion has been reduced to just one month. The mandate requires all merchandise exporters to bring their earnings into the country and convert the remaining balance, after deducting authorized payments, into Sri Lankan Rupees on or before the 10th day of the following month.
June, 10, 2026
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