Sri Lanka Rupee (LKR)
Tue, Apr 15The Sri Lanka Rupee (LKR) serves as the official currency of Sri Lanka, an island nation situated in South Asia. The Central Bank of Sri Lanka oversees the currency, taking charge of issuing and managing the country's money supply. The currency code for the Sri Lanka Rupee is LKR, and it is commonly represented by the symbol “Rs” or “රු” in Sinhala and “ரூ” in Tamil.
The Sri Lanka Rupee was established in 1872, replacing the British Pound at a conversion rate of 1 Rupee to 2 Shillings and 3 Pence. Prior to the Rupee's introduction, the country, then known as Ceylon, utilized various currencies, including Indian Rupees, British Pounds, and Ceylonese Rixdollars. Following independence from British rule in 1948, the currency was renamed the Sri Lanka Rupee, and the country itself was rebranded as Sri Lanka in 1972.
The Sri Lanka Rupee is divided into 100 smaller units known as cents. Coins are available in denominations of 1, 2, 5, and 10 Rupees, along with 25 and 50 cents. Banknotes can be found in denominations of 10, 20, 50, 100, 500, 1,000, 2,000, and 5,000 Rupees. The designs featured on the coins and banknotes often showcase the country’s cultural symbols, historical figures, and landmarks, highlighting the nation’s rich heritage and history.
The exchange rate of the Sri Lanka Rupee may vary due to several factors, including the nation’s economic performance, inflation, and the supply and demand for the currency in global markets. To check the current exchange rate between the Sri Lanka Rupee and other currencies, one can refer to financial sources or utilize currency converter tools. Sri Lanka’s economy is mixed, with significant contributions from various sectors such as agriculture, manufacturing, and services. The country is particularly renowned for its tea, rubber, and coconut production, as well as its expanding textile and apparel industry. Additionally, tourism plays a vital role in the economy, with the nation’s rich cultural heritage and natural beauty drawing visitors from around the globe.
The Sri Lanka Rupee is the official currency of Sri Lanka, managed by the Central Bank of Sri Lanka. Introduced in 1872, it replaced the British Pound. The currency is divided into 100 cents, with coins and banknotes issued in various denominations. Sri Lanka’s economy is mixed, with notable contributions from agriculture, manufacturing, services, and tourism sectors.
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