Money Advice
Sri Lanka is still a pleasantly economical country to travel around. Shoestring travellers can exist comfortably on less than US$20 a day by staying in basic share or double rooms, getting around by bus and not lashing out at flash restaurants. Up the scale a bit, add US$5 or $10 for kipping down in delightful rest houses, or plan on around US$100 a day if you want the full five star treatment.
You'll have no problem changing travellers' cheques at most major banks. Banks will give you a slightly better rate for travellers' cheques, but it's convenient to have some cash for times when you can't get to a bank (there are plenty of money changers in Colombo and Hikkaduwa). US dollars are best. ATMs are becoming a common sight, especially in major cities, but other than in Colombo and Kandy, they're unlikely to accept international cards. Credit cards are widely accepted; Visa and MasterCard cash withdrawals are possible at major banks.
A 10% service charge is added to nearly every accommodation or eating bill in the middle and top ranges, so there's no need to tip, even though those serving you are unlikely to see much of it. Nor is there any need to top up taxi or three-wheeler fares. Hotel porters normally get Rs 10-20 per heavy bag. On the whole, prices are very negotiable in Sri Lanka, but bargaining shouldn't be seen as a battle to the death. Find out what the approximate cost is and then come to a mutually acceptable compromise. Losing your temper or shouting won't get you anywhere.

Currency
Sri Lankan rupee
Relative Costs
Meals
• Budget: US$0.50-3
• Mid-range: US$3-6
• Top-end: US$6 and upwards

Lodging
• Budget: US$4-15
• Mid-range: US$15-30
• Top-end: US$30 and upwards

Source: http://www.yahoo.com


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