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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 its low value. It is issued by ...
The banknotes of the Sri Lanka rupee are part of the physical form of Sri Lanka 's currency. The issuance of the rupee banknotes began in 1895. The Government of Ceylon introduced its first paper money in the form of the 5 rupee banknote in 1895. These were followed by 10 rupee notes in 1894, 1000 rupee notes in 1899, 50 rupee notes in 1914, 1 ...
Sri Lanka's gross domestic product contracted 4% in 2020 due to the government response to the Coronavirus pandemic which was higher than the previous contraction reported in 2001, on top of several years of slow growth and depreciation of the currency. Sri Lanka was making a strong recovery after lockdowns ended in May 2020 but a new outbreak ...
A four-year, $2.9 billion IMF bailout programme has helped Sri Lanka boost reserves, stem a fall in its currency and tame runaway inflation to kickstart a tentative economic recovery.
A four-year, $2.9 billion IMF bailout, secured in March 2023, has helped Sri Lanka boost reserves, stem a fall in its currency and tame runaway inflation. It also set the groundwork for debt ...
At that time, Sri Lanka's foreign currency reserves had dried up, leaving the country unable to import essentials such as fuel. Public debt had ballooned to $83bn while inflation zoomed to 70%.
In 2009 the 1000 rupees note commemorating the end of the Sri Lankan Civil War and the Ushering of Peace and Prosperity note was issued. The note is dated two days after the end of the war as 2009-05-20. The note is the first time since 1954, that an image of a living person has been used on Sri Lankan currency notes.
The Central Bank of Sri Lanka was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J. R. Jayewardene. Under the former name of Central Bank of Ceylon, it replaced the Currency Board that until then had been responsible for ...