BANKNOTES OF SRI LANKA
FORMERLY CEYLON
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The Sri Lankan Rupee.
The rupee is the official currency of Sri Lanka,
divided into 100 cents. The currency's ISO 4217 code is LKR. It is issued by the
Central Bank of Sri Lanka and is generally written ₨ (though SL₨ may
occasionally be used for disambiguation).
Until 1870, the British pound was Ceylon's official currency, having replaced
the rixdollar in 1828. Quarter farthings (one sixteenth of a penny), half
farthings (one eighth of a penny) and three halfpennies (1 1⁄2 pence) were
issued in addition to those coins used in Britain.
The rupee was introduced in 1870. It was equal to the Indian rupee and replaced
the British currency at a rate of 1 rupee = 2 shillings 3 pence. Unlike the
Indian rupee, the Sri Lankan rupee was a decimal currency from the very
beginning.
In December 2005, a new set of coins with denominations 5 rupee, 2 rupee, 1
rupee, 50 cents and 25 cents have been released. These new coins circulate
alongside the older coins. Coins of smaller denomination although legal tender
are almost never seen in circulation.
Sri Lankan banknotes are unusual in that they are printed vertically on the reverse. Banknotes are currently printed by "De la Rue Lanka Currency and Securities Print (Pvt) Ltd", a joint venture between the Government of Sri Lanka and Thomas De la Rue, a British banknote and securities printer.
Current banknotes are issued in denominations of 10, 20, 50, 100, 200, 500, 1000 and 2000 Rupees. The note of 200 rupees was issued in 1998 to commemorate the 50th Anniversary of Independence for Sri Lanka. The 200 Rupee note was only intended to be in circulation for a short time, but due to its popularity it remains in circulation to today. On 17 October 2006 a new note of 2000 Rupees was issued. Older Sri Lankan and Ceylon banknotes remain legal tender.
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Page created: 10 December 2006
Last Update: 10 December 2006
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