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Country Profile - SRI LANKA

COUNTRY OVERVIEW

Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, is an island country in South Asia, located in the Indian Ocean southwest of the Bay of Bengal and southeast of the Arabian Sea. It is geographically separated from the Indian subcontinent by the Gulf of Mannar and the Palk Strait. 

Sri Lanka

General Information:

Capital:  Sri Jayawardenepura Kotte

Language: Sinhala (official and national language) 87%, Tamil (official and national language) 28.5%, English 23.8% (2012 est.)

Religion: Buddhist (official) 70.2%, Hindu 12.6%, Muslim 9.7%, Roman Catholic 6.1%, other Christian 1.3%, other 0.05% (2012 est.)

Currency: Sri Lankan rupee

Cryptocurrency: The legality of cryptocurrencies is not yet well defined and clear in Sri LankaThe Central Bank of Sri Lanka (CBSL) has highlighted its intention to support digital currencies, although it will probably take at least 5 years for the cryptocurrency sector to develop in the country. The reason for this is because Internet use is relatively low in the country and the population has minimal knowledge about Bitcoin. Nevertheless, selling or buying cryptocurrencies in Sri Lanka is not against the law.

GMT: (+) 5h30

 

Sri Lanka has been embroiled in a long and bitter civil war arising out of ethnic tensions between the majority Sinhalese and the Tamil minority in the north and east.
After more than 25 years of violence the conflict ended in May 2009, when government forces seized the last area controlled by Tamil Tiger rebels. But recriminations over abuses by both sides continue.

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