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Sri Lanka notifies INR as designated currency

www.wionews.com Sri Lanka notifies Indian rupee as designated foreign currency, enabling trade

Sri Lanka has notified the Indian rupee as a designated currency, Indian External Affairs Ministry Spokesperson Arindam Bagchi said on Thursday (July 20). "In terms of trading in our national currencies, Sri Lanka has already notified India Rupee as designated foreign currency in their system," Bac...

Sri Lanka notifies Indian rupee as designated foreign currency, enabling trade

Can someone eli5 what this means? What will be it's benefits to us (apart from tourists using INR in Sri Lanka)

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