Japan and Sri Lanka Strengthen Economic Cooperation through Debt Restructuring

In March 2025, Japan and Sri Lanka finalized a $2.5 billion debt restructuring agreement, marking a significant step in bilateral economic cooperation.  This move facilitates the resumption of halted infrastructure projects, such as the expansion of Sri Lanka's main airport, further aiding the country's economic recovery.

JPY to LKR Exchange Rate Fluctuations

As of May 30, 2025, the exchange rate stands at approximately 1 JPY = 2.08 LKR.  Over the past year, the JPY to LKR exchange rate has experienced significant fluctuations, peaking at 2.1258 and dipping to a low of 1.8612, with an average rate of around 1.9934.  This underscores the importance of choosing the right time and tools for remittances.

Overview of Sri Lanka's Student Remittance Policies

The Central Bank of Sri Lanka permits family members to remit funds through authorized dealers (such as licensed commercial banks) to support students studying abroad, covering expenses like tuition and living costs.  Additionally, students can obtain Electronic Fund Transfer Cards (EFTCs) to facilitate daily expenses while overseas. 

Panda Remit: A Secure and Efficient Cross-Border Remittance Tool

Among various cross-border remittance tools, Panda Remit stands out. It not only supports real-time remittances from Japanese Yen to Sri Lankan Rupee but also provides transparent exchange rate information and extremely low fees, only one-tenth of traditional bank remittance fees.

Furthermore, Panda Remit supports linking global bank accounts and mainstream e-wallets, ensuring users can flexibly choose their preferred method of receiving funds.

Ensuring Cross-Border Fund Security with Panda Remit

In cross-border remittances, the security of funds is paramount. Panda Remit employs bank-level encryption technology to ensure the safety of users' funds and personal information. Additionally, its stringent risk control system and compliance operations have been recognized by multiple financial regulatory authorities worldwide.

Choose Panda Remit for Hassle-Free Cross-Border Transfers

With the growing economic collaboration between Japan and Sri Lanka, the demand for cross-border remittances continues to rise. Selecting a secure, efficient, and cost-effective remittance tool will significantly simplify your cross-border fund transfers.

Register with Panda Remit now and enjoy zero fees on your first transfer!

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