Port City To Allow Transactions By Foreign Currency Within Financial Zone

Any foreign currency including American Dollars, Sterling Pounds, Euro, Japanese Yen, and Indian Rupees will be allowed to use for transactions within the financial city which is to be created in the Colombo Port City.

This is the first occasion after independence that Sri Lanka is to have a financial city with foreign currency transactions.

After establishing the financial city, it is expected that more than 80,000 jobs will be created within the first two years.

Government sources mention that any Sri Lankan will be allowed to to conduct business with foreign currency within Colombo financial city.

This special financial zone is to be developed as the largest financial city between Dubai and Singapore.