INR a designated foreign currency in Sri Lanka

COLOMBO (News 1st); Sri Lanka has already notified India that the Indian Rupee is a designated foreign currency in its system, revealed Indian External Affairs Ministry Spokesperson Arindam Bagchi on Thursday (20).

"In terms of trading in our national currencies, Sri Lanka has already notified India Rupee as designated foreign currency in their system," he told a media briefing in New Delhi.

Arindam Bagchi noted that the utilization of that will depend on India's private sector and people who engage in the trade sector. 

"We would like to deepen this financial and economic connection. It will be premature to comment today on it, when the visit is tomorrow," he added.

Sri Lankan President Ranil Wickremesinghe reached India on Thursday (20) evening, to commence a two-day official visit.

He was welcomed by the Indian Minister of State for External Affairs at the New Delhi Airport. 

President Ranil Wickremesinghe is undertaking an official visit to at the invitation of Prime Minister of India Narendra Modi. 

During his visit, President Wickremesinghe will meet President Smt. Droupadi Murmu and hold discussions with Prime Minister and other Indian dignitaries on a range of issues of mutual interest.