Democratic Socialist Republic of Sri Lanka, is an island country in South Asia, located in the Indian Ocean to the southwest of the Bay of Bengal and to the southeast of the Arabian Sea. It is separated from the Indian subcontinent by the Gulf of Mannar and the Palk Strait. The legislative capital is Sri Jayawardenepura Kotte whilst the commercial capital and largest city is Colombo.
Sri Lanka's documented history spans over 3,000 years, with evidence of pre-historic human settlements dating back to at least 125,000 years. It has a rich cultural heritage and the first known Buddhist writings of Sri Lanka, the Pāli Canon, dates back to the Fourth Buddhist council in 29 BC. Its geographic location and deep harbours made it of great strategic importance from the time of the ancient Silk Road through to the modern Maritime Silk Road.
The country became a republic and adopted its current name in 1972. It has had a long history of international engagement, as a founding member of the South Asian Association for Regional Cooperation (SAARC), and a member of the United Nations, the Commonwealth of Nations, the G77, and the Non-Aligned Movement.
Sri Lanka is one of only two South Asian countries rated "high" on the Human Development Index (HDI), with its HDI rating and per capita income the highest among South Asian nations. With a literacy rate of 92.5%, Sri Lanka has one of the most literate populations amongst developing nations. Its youth literacy rate stands at 98%, computer literacy rate at 35%, and primary school enrollment rate at over 99%. It is one of the few countries in the world that provide universal free education from primary to tertiary stage.
The island is home to many cultures, languages and ethnicities.
Tivanka Damunupola
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People's Bank
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for Forex Sri Lanka | By 230 interactive
for Forex Sri Lanka | By 230 interactive