Canonical: https://unicorncurrencies.com/send-money-to/sri-lanka/

# Intelligence: Sending Money to Sri Lanka

## Banking Requirements

- **Code:** **SWIFT + Account or CEFTS**

- **Format:** SWIFT/BIC or CEFTS branch code and account

## Route Context

- **Use case:** Pay Sri Lankan suppliers for tea, textiles, rubber, gems, spices

- **Published local rails:** LankaPay, SLRPS (RTGS), CEFTS

- **Timing note:** Settlement and credit timing depend on rail availability, funding, cut-offs, compliance review, correspondent handling, and receiving-bank release.

## Payment Control

- Check beneficiary details before release.

- Confirm payment purpose and invoice context.

- Keep proof available if the supplier says funds have not arrived.

- Review deductions if the amount lands short.

## Regulatory

- Central Bank of Sri Lanka FX regulations

- Sri Lanka Customs documentation

- VAT (15%) on goods and services

- Board of Investment approvals for certain sectors

## Key Industries

- Tea

- Textiles

- Rubber

- Gems & Jewelry

- Spices

## Tips

- Sri Lanka = Ceylon tea leader, garment exporter

- LankaPay enables instant LKR settlement

- Colombo = Main business hub

- Economic challenges - confirm supplier stability