Sri Lankan rupee
Encyclopedia
The rupee (sign
Currency sign
A currency sign is a graphic symbol used as a shorthand for a currency's name, especially in reference to amounts of money. They typically employ the first letter or character of the currency, sometimes with minor changes such as ligatures or overlaid vertical or horizontal bars...

: ; code
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...

: LKR) is the currency
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 of Sri Lanka
Sri Lanka
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...

, divided into 100 cent
Cent (currency)
In many national currencies, the cent is a monetary unit that equals 1⁄100 of the basic monetary unit. Etymologically, the word cent derives from the Latin word "centum" meaning hundred. Cent also refers to a coin which is worth one cent....

s. It is issued by the Central Bank of Sri Lanka
Central Bank of Sri Lanka
The Central Bank of Sri Lanka is the monetary authority of Sri Lanka. It 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...

 and is generally written Rs. (though SLRs. may occasionally be used for disambiguation).

History

The British pound
Pound sterling
The pound sterling , commonly called the pound, is the official currency of the United Kingdom, its Crown Dependencies and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic Territory and Tristan da Cunha. It is subdivided into 100 pence...

 became Ceylon's official money of account in 1825, replacing the Ceylonese rixdollar
Ceylonese rixdollar
The rixdollar was the currency of British Ceylon until 1828. It was subdivided into 48 stivers, each of 4 duit. Units called the fanam and larin were also used, worth 4 and 9½ stiver, respectively. The currency derived from the Dutch rijksdaalder and stuiver, although the rijksdaalder was worth 50...

 at a rate of 1 pound = 13⅓ rixdollars, and British silver coin was made legal tender. Treasury notes denominated in pounds were issued in 1827, replacing the earlier rixdollar notes. Rixdollar notes not presented for exchange were demonetized in June 1831.

The Indian rupee
Indian rupee
The Indian rupee is the official currency of the Republic of India. The issuance of the currency is controlled by the Reserve Bank of India....

 was made Ceylon's standard coin 26 September 1836, and Ceylon reverted to the Indian currency area. Pound-denominated treasury notes continued to circulate after 1836, along with the rupee. The legal currency remained British silver and accounts were kept in pounds, shillings and pence. However, payments were made in rupees and annas at the "fictitious par" (fixed accounting rate) of 2 shillings per rupee (i.e., 1 pound = 10 rupees).

The Bank of Ceylon was the first private bank to issue banknotes on the island (1844) and Treasury notes were withdrawn in 1856.

The Indian rupee was formally established as the unlimited legal tender 18 June 1869. The rupee was decimalized 23 August 1871. Thus, the rupee of 100 cents became Ceylon's money of account and sole legal tender effective 1 January 1872, replacing British currency at a rate of 1 rupee = 2 shilling
Shilling
The shilling is a unit of currency used in some current and former British Commonwealth countries. The word shilling comes from scilling, an accounting term that dates back to Anglo-Saxon times where it was deemed to be the value of a cow in Kent or a sheep elsewhere. The word is thought to derive...

s 3 pence.

Coins

In 1872, copper ¼, ½, 1 and 5 cents coins dated 1870 were introduced, followed in 1892 by silver 10, 25 and 50 cents. Production of the ¼ cent ceased in 1904. The large, copper 5 cents coins was replaced in 1909 by a much smaller cupro-nickel coin which was square with rounded corners. In 1919, the fineness of silver used was reduced from .800 to .550.

Between 1940 and 1944, a wholesale change in the coinage was carried out. Production of the ½ cent ceased in 1940, with bronze 1 cent introduced in 1942. Nickel-brass replaced cupro-nickel in the 5 cents in the same year and replaced silver in the 25 and 50 cents in 1943. In 1944, nickel-brass, scalloped shaped 2 and 10 cents coins were introduced.

In 1963, a new coinage was introduced which omitted the monarchs portrait. Coins issued were aluminium 1 and 2 cents, nickel brass 5 and 10 cents and cupro-nickel 25 and 50 cents and 1 rupee. In 1978, aluminium replaced nickel-brass in the 5 and 10 cents. Cupro-nickel 2 rupees and aluminium-bronze 5 rupees coins were introduced in 1984.

The obverse of the coins issued since 1963 carry the Armorial Ensign of Sri Lanka. The reverse of the coin the value in numerals and in Sinhala, Tamil
Tamil language
Tamil is a Dravidian language spoken predominantly by Tamil people of the Indian subcontinent. It has official status in the Indian state of Tamil Nadu and in the Indian union territory of Pondicherry. Tamil is also an official language of Sri Lanka and Singapore...

 and English
English language
English is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...

 below and year of issue at the bottom with SRI LANKA in Sinhala on top. On 14 December 2005, the Sri Lanka central bank issued a new series of coins in the denominations of 25 and 50 cents, 1, 2 and 5 rupees. The lower denominations of 1, 2, 5 and 10 cents, although legal tender, are not seen in circulation and not in general issued by banks.

The observe and reverse designs of the new coins remained identical to the existing circulating coins of the same denominations. However their weights and alloys have been changed for easy identification purposes.

On 5 April 2010 Sri Lanka replaced the 10-rupee note with a coin.

Current Coins of Sri Lanka
Image Value Obverse Reverse Metal Dimensions Weight Thickness Year
25 cents Country name, date and value Armorial Ensign Copper plated Steel 16.0 mm 1.68 g 1.2 mm 2005
50 cents 18.0 mm 2.5 g 1.4 mm
One rupee Brass plated Steel 20.0 mm 3.65 g 1.7 mm
Two rupees Nickel-plated Steel 28.5 mm 7.0 g 1.5 mm
Five rupees Brass plated Steel 23.5 mm 7.7 g 2.7 mm
Ten rupees Nickel-plated Steel 26.4 mm (Hendecagon
Hendecagon
In geometry, a hendecagon is an 11-sided polygon....

)
8.36 g 2.1 mm 2009

Commemorative coins

The Central Bank of Sri Lanka has issued commemorative coins since 1957.

On December 15, 2010, to mark the 60th Anniversary, the Central Bank of Sri Lanka issued a Frosted Proof crown size multi-colour silver commemorative coin in the denomination of Rupees 5000. It was the first multi-colour coin issued by the Central Bank.

Commemorative coins issued by the Central Bank of Sri Lanka:
Commemorative Coins of Sri Lanka
Image Value
(Rs.)
Description Obverse Reserve Diameter/Size
(mm)
Metal Weight
(Grams)
Year
5 2500th Anniversary of the passing away of Buddha (Buddha
Gautama Buddha
Siddhārtha Gautama was a spiritual teacher from the Indian subcontinent, on whose teachings Buddhism was founded. In most Buddhist traditions, he is regarded as the Supreme Buddha Siddhārtha Gautama (Sanskrit: सिद्धार्थ गौतम; Pali: Siddhattha Gotama) was a spiritual teacher from the Indian...

 Jayanthi)
38.61 Silver (0.925) 28.28 1957
1 2500th Anniversary of the passing away of Buddha (Buddha
Gautama Buddha
Siddhārtha Gautama was a spiritual teacher from the Indian subcontinent, on whose teachings Buddhism was founded. In most Buddhist traditions, he is regarded as the Supreme Buddha Siddhārtha Gautama (Sanskrit: सिद्धार्थ गौतम; Pali: Siddhattha Gotama) was a spiritual teacher from the Indian...

 Jayanthi)
28.50 Copper
Nickel
11.31 1957
2 2nd World Food Congress 31.50 Copper
Nickel
12.35 1968
5 5th Non-Aligned Summit Conference 32.84 Nickel 13.60 1976
2 5th Non-Aligned Summit Conference 30.00 Copper
Nickel
13.50 1976
1 1st Executive Presidency (J. R. Jayawardhane) 24.50 Copper
Nickel
7.13 1978
1 1st Executive Presidency (J. R. Jayawardhane) 24.50 Gold
22 Caret
12.00 1978
5 50 Years of Universal Adult Franchise 29.0 / 30.28 Copper
Nickel
9.60 1981
2 The Mahaweli Development Scheme 28.50 Copper
Nickel
8.25 1981
5 International Year of Shelter for the Homeless 25.0 - 30.0 Copper
Nickel
11.70 1987
500 40th Anniversary of Central Bank of Sri Lanka 38.61 Silver 28.28 1990
100 5th South Asian Federation Games - Colombo 22.0 - 29.4 Silver 10.20 1991
500 5th South Asian Federation Games - Colombo 14 Gold
12 Caret
1.6 1991
1 3rd Anniversary of Induction of Excective Presidency - R. Premadasa 25.40 Copper
Nickel
7.13 1992
500 2300 Anubudu Mihindu Jayanthi 38.61 Silver 28.28 1993
5 50th Anniversary, United Nations 23.50 Ni / Br 9.50 1995
5000 50th Anniversary of Sri Lanka regaining Independence 22.05 Gold (22 Caret) 7.98 1998
1000 50th Anniversary of Sri Lanka regaining Independence 38.61 Silver 28.28 1998
10 50th Anniversary of Sri Lanka regaining Independence Outer ring 27.0 Inner disc 18.0 Bi Metal Outer ring Cu/Ni Inner dics Ni/Br 9.00 1998
1000 Wining of the 1996 Cricket World Cup 38.61 Silver 28.28 1999
5 Wining of the 1996 Cricket World Cup 23.50 Ni / Br 9.50 1999
1 50th Anniversary of Sri Lanka Army 25.40 Nickel plated Steel 7.13 1999
1000 50th Anniversary Central Bank of Sri Lanka 38.61 Silver 28.28 2000
1000 50th Anniversary of Sri Lanka regaining Independence 38.61 Silver 28.28 1998
1 50th Anniversary of Sri Lanka Navy 25.40 Cu-Ni 7.13 2000
1 50th Anniversary of Sri Lanka Air Force 25.40 Cu / Ni 7.13 2000
2 50th Anniversary of the Colombo Plan 28.50 Cu / Ni 8.25 2000
5 250th Anniversary of Syamopasampadawa (Weliwita Sri Saranankara Sangaraja Mahimi) 23.50 Ni / Br 9.50 2003
1500 2550th Anniversary of the passing away of Buddha 38.61 Silver (0.925) 28.28 2006
2000 2550th Anniversary of the passing away of Buddha 38.61 Silver (Selective Gold Plated) 28.28 2006
5 2550th Anniversary of the passing away of Buddha 23.50 Br plated Steel 9.50 2006
1000 Cricket World Cup 2007 (Runner up) 32 Ni plated Steel 12 2007
5 Cricket World Cup 2007 (Runner up) 28.50 Brass plated Steel 7.00 2007
1000 50th Anniversary of Employee's Provident Fund Commemorative Coin 28.50 Nickel Plated Steel (Brilliant un Circulated) 7.00 2008
2 50th Anniversary of Employee's Provident Fund Commemorative Coin 28.50 Nickel Plated Steel 7.00 2008
200 Sri Lanka Customs Commemorative coin Silver 10.50 2008
1000 60th Anniversary of the Sri Lanka Army 28.50 Silver 11.90 2009
1000 60th Anniversary of the Sri Lanka Army 28.50 Cu-Ni 8.25 2009
5000 60th Anniversary Central Bank of Sri Lanka Central Bank Crest A tree depicting the growth and the stability of Sri Lanka's economy 38.61 Silver 28.28 2010
2 60th Anniversary of the Sri Lanka Air Force Logo of Sri Lanka Air Force in the centre. An artist's impression of a Chipmunk aircraft appears below the logo and another three aircraft; Mig 27
Mikoyan MiG-27
The Mikoyan MiG-27 is a variable-geometry ground-attack aircraft, originally built by the Mikoyan design bureau in the Soviet Union and later license-produced in India by Hindustan Aeronautics as the Bahadur . It is based on the Mikoyan-Gurevich MiG-23 fighter aircraft, but optimized for...

, C 130, and MI 24 appear above the logo.
Two (face value) in large numerals and the words "Two Rupees" in Sinhala, Tamil and English appear across the face value. 28.5 Nickel plated steel 7 2 March 2011

Banknotes

Portraits of former Sri Lankan prime ministers and the incumbent president Mahinda Rajapakse have graced the fronts of Sri Lankan bank notes, while the backs have featured Sri Lankan fauna and flora, Sri Lankan landscapes and industries, and images depicting Sri Lankan culture, history, and achievements.

In 1895, the Government of Ceylon introduced its first paper money in the form of 5 rupee notes. These were followed by 10 rupee notes in 1894, 1000 rupee notes in 1899, 50 rupee notes in 1914, 1 and 2 rupee notes in 1917 and 100 and 500 rupee notes in 1926. In 1942, emergency issues for 5, 10, 25 and 50 cents were introduced and issued until 1949.

In 1951, the Central Bank of Ceylon took over the issuance of paper money, introducing 1 and 10 rupee notes. These were followed in 1952 by 2, 5, 50 and 100 rupee notes. The 1 rupee notes were replaced by coins in 1963.

From 1977, banknotes were issued by the Central Bank of Sri Lanka. 20 rupees notes were introduced in 1979, followed by 500 and 1000 rupees in 1981, 200 rupees in 1998 and 2000 rupees in 2006. Sri Lankan banknotes are unusual in that they are printed vertically on the reverse. The 200 rupee note is printed on a polymer substrate. Banknotes are printed by the De la Rue Lanka Currency and Securities Print (Pvt) Ltd, a joint venture of the Government of Sri Lanka and De La Rue
De La Rue
De La Rue plc is a British security printing, papermaking and cash handling systems company headquartered in Basingstoke, Hampshire. It also has a factory on the Team Valley Trading Estate, Gateshead, and other facilities at Loughton, Essex and Bathford, Somerset...

, a printing company in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

. In 2011, a series is to be issued to commemorate the country's 60th anniversary.

Heritage series

The Heritage Series saw many revisions throughout its life since 1991 up to 2010. The 1995 revision had an enhanced latent image at the center bottom of obverse sides. The 2001 revision added wider metallic strip to the 500 and 1000 rupee notes.

Current series

On February 4, 2011, The Central Bank of Sri Lanka (CBSL) issued a new series of currency notes on the theme “Development, Prosperity and Sri Lanka Dancers” for circulation. This is the 11th series of currency notes of the Central Bank to be issued. The new series consists of six denominations Rs. 5,000, Rs. 1,000, Rs. 500, Rs. 100, Rs. 50 and Rs. 20. The high value Rs. 5000 note issued for the first time in the history of the Central Bank is being introduced to facilitate expansion in transactions that has taken place with the growth of Sri Lanka's economy.
Current Series in Circulation (Development, Prosperity and Sri Lanka Dancers)
Obverse Reverse Value Dimensions Color Printed Date Issued Date
20 rupees 128 x 67 mm Maroon January 1, 2010 February 4, 2011
50 rupees 133 x 67 mm Blue January 1, 2010 February 4, 2011
100 rupees 138 x 67 mm Orange January 1, 2010 February 4, 2011
500 rupees 143 x 67 mm Purple January 1, 2010 February 4, 2011
1000 rupees 148 x 67 mm Green January 1, 2010 February 4, 2011
5000 rupees 153 x 67 mm Gold January 1, 2010 February 4, 2011


On 5 April 2010 Sri Lanka replaced the 10 rupee note with a coin.
Current Series in Circulation
Obverse Reverse Value Dimensions Color Printed Date Issued Date
10 rupees Green
1 January 1991

1 July 1992

19 August 1994

15 November 1995

12 December 2001

10 April 2004

19 November 2005
20 rupees 128 X 63 mm Purple
50 rupees Blue
100 rupees 143 X 71 mm Orange As above, without the 1994 revision
500 rupees Light Orange and Purple
1000 rupees 158 X 79 mm Light Green 1 January 1991

1 July 1992

15 November 1995

12 December 2001

10 April 2004

1 July 2004

19 November 2005

3 July 2006
2000 rupees Orange 19 November 2005 17 October 2006

Former series

King George VI series
Image Value Dimensions Color Obverse Reverse Printed Date Issued Date Watermark
One Rupee 1951
10 Rupees 1951

Queen Elizabeth II Series
Image Value Dimensions Color Obverse Reverse Printed Date Issued Date Watermark
One Rupee Light Blue 1952
2 Rupees 1952
5 Rupees 1952
10 Rupees 1952
50 Rupees 1952
100 Rupees 1952

Armorial Ensign of Ceylon Series
Image Value Dimensions Color Obverse Reverse Printed Date Issued Date Watermark
One Rupee Light Blue 5 June 1963 1956
2 Rupees 1956
5 Rupees 1956
10 Rupees 1956
50 Rupees 1956
100 Rupees 1956

S. W. R. D. Bandaranayake Portrait Series
Image Value Dimensions Color Obverse Reverse Printed Date Issued Date Watermark
2 Rupees 1962
5 Rupees 1962
10 Rupees 1962
50 Rupees Purple, Light Green 1974 1962
100 Rupees 1962

Vignette of Parakramabahu, The Great Series
Image Value Dimensions Color Obverse Reverse Printed Date Issued Date Watermark
2 Rupees Vignette of Parakramabahu 1965
5 Rupees Red Vignette of Parakramabahu 27 August 1974 1965
10 Rupees Green Vignette of Parakramabahu 7 June 1971 1965
50 Rupees Vignette of Parakramabahu 1965
100 Rupees Vignette of Parakramabahu 1965

Armorial Ensign of Sri Lanka Series
Image Value Dimensions Color Obverse Reverse Printed Date Issued Date Watermark
50 Rupees Light Purple Armorial Ensign Terraced hillside 26 August 1977 1975
100 Rupees Light Purple, Gray Armorial Ensign 1977 1975

Fauna and Flora Series
Image Value Dimensions Color Obverse Reverse Printed Date Issued Date Watermark
2 Rupees Red 26 March 1979 1979
5 Rupees Grey 26 March 1979 1979
10 Rupees Light Green 26 March 1979 1979
20 Rupees Ash, Light Blue 26 March 1979 1979
50 Rupees Light Blue 26 March 1979 1979
100 Rupees Yellow 26 March 1979 1979

Historical and Archaeological Theme Series
Image Value Dimensions Color Obverse Reverse Printed Date Issued Date Watermark
5 Rupees Red 1 January 1982 1981
10 Rupees Green Temple of the Sacred Tooth Relic
Temple of the Tooth
Sri Dalada Maligawa or The Temple of the Sacred Tooth Relic is a Buddhist temple in the city of Kandy, Sri Lanka. It is located in the royal palace complex which houses the Relic of the tooth of Buddha. Since ancient times, the relic has played an important role in local politics because it is...

5 April 1990 1981
20 Rupees Purple Moonstone 5 April 1990 1981
50 Rupees Blue 1 January 1982 1981
500 Rupees Light Brown 1 January 1981 1981
1000 Rupees Light Green Dam Peacock, Mountains 1 January 1981 1981

Commemorative notes

Commemorative Banknotes of Sri Lanka
Obverse Reserve Value Description Color | Dimensions Printed Date | Issued Date Material Year
200 Rupees 50th Anniversary of Sri Lanka regaining Independence Blue 146.5 x 73.0 mm polymer 1998
1000 Rupees The ushering of peace and prosperity to Sri Lanka Blue 157 X 78.5 mm 20 May 2009 17 November 2009 paper 2009

External links

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