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The Sri Lankan Rupee (Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: රු (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents ( Sinhala : සත , Tamil : சதம் ), but cents are rarely seen in circulation due to their low value.
The price of 16 Annas was 1 rupee in 1947. The demand for decimalization existed for over a century. Sri Lanka decimalised its rupee in 1869. The Indian Coinage Act was amended in September 1955 for the adoption of a decimal system for coinage.
Kahavanu obverse. Kahavanu is a medieval currency from Sri Lanka.The coinage appears to have been initiated shortly before Rajaraja Chola invaded Lanka in 990 AD, and struck through the period when the Cholas dominated the island (1017-1070), and continued by closely similar coins struck for Vijayabahu (1055-1110) after he re-established Sinhala independence in 1070.
The Central Bank of Sri Lanka has issued two commemorative notes. In 1998 a 200 rupees note was issued on Independence day to commemorate the 50th Independence Anniversary of the country. The note was issued along with three commemorative coins; a five thousand rupees gold coin, a one thousand rupees silver coin, and a ten rupees bi-metallic coin.
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [16] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...
It also includes the years of operation of the Central Bank of Sri Lanka (1950 – 2020). The text "Central Bank of Sri Lanka" is written in all three main languages Sinhala, Tamil & English. 20 (which is the face value) of the coin is shown in the reverse with the text "Twenty Rupees" written in all three main languages Sinhala, Tamil & English.
The Rupee evolved from the Indian Rupee, when in 1929 a new Ceylon Rupee was formed when it was separated from the Indian Rupee. [15] In 1950, the Currency Board, set up in 1872 as a part of the Indian monetary system, was replaced by the Central Bank of Ceylon, granting the country greater control over the currency. In 1951, the Central Bank ...