The official currency of Sri Lanka is the Sri Lankan Rupee, divided into 100 cents. The abbreviation “SLR” is commonly used, though the official currency code is “LKR.” Coins come in denominations of 1, 2, 5, 10, 25, and 50 cents, while banknotes are available in 10, 20, 50, 100, 200, 500, 1,000, and 5,000 rupee denominations. The Central Bank of Sri Lanka oversees the issuance of the currency.
Sri Lankan currency has evolved significantly, particularly since the nation gained independence from British rule. Here’s a closer look at its history and unique features.
Facts About Sri Lankan Money
The Indian Rupee Was Once Used in Sri Lanka
In 1825, during British colonial rule, the British Pound was introduced as the currency in Ceylon (now Sri Lanka). By 1836, the Indian Rupee replaced the pound as the official currency of the territory. When Sri Lanka gained independence in 1948, the Central Bank of Ceylon was established in 1950. After the country became a republic in 1972, it adopted the Sri Lankan Rupee as its official currency.
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Sri Lankan Banknotes Have Unique Printing Patterns
Sri Lankan rupee banknotes feature distinctive designs for security and accessibility. The reverse side of each note is printed with vertical lines, see-through imagery, and watermarks. Raised textures assist visually impaired individuals in identifying denominations. These features, governed by the Monetary Control Act, also prevent counterfeiting.
Not All Rupees Are the Same
The term “rupee” is used in other countries, such as India, but these currencies are not interchangeable. The Sri Lankan Rupee is denoted as “SLR” or “LKR” to distinguish it from other rupee currencies. This unique identifier reflects the individuality of Sri Lanka’s currency.
Banknotes Celebrate Sri Lankan Culture
Sri Lankan banknotes are rich in cultural and historical symbolism. The front of each note depicts prominent landmarks, such as the Ramboda Tunnel on the 1,000 LKR note. The back features dancers and drummers representing the country’s cultural heritage, such as the Thelme Netuma dancer and Yak Bera drummer on the 50 LKR note.
About Sri Lanka
Sri Lanka has a history of over 2 million years of human habitation, with its earliest inhabitants being Stone Age hunter-gatherers. Around the 5th century BCE, northern Indian settlers formed the Sinhalese community. Today, Sri Lanka is home to 20 million people and features two capitals: Sri Jayawardenepura Kotte and Colombo, the largest city.
Key industries include tourism, mining, and the tea, coconut, and rubber industries.
Sending Money to Sri Lanka
Sending money to Sri Lanka has never been easier with services like Remitly. New customers may benefit from special offers on their first transfer. For up-to-date exchange rates and fees, check Remitly’s pricing list.
FAQs
What is the exchange rate for GBP to LKR?
Exchange rates vary daily. Consult online currency converters or financial institutions for the latest rates.
What are the denominations of Sri Lankan Rupees?
Coins: 1, 2, 5, 10, 25, and 50 cents. Banknotes: 10, 20, 50, 100, 200, 500, 1,000, and 5,000 rupees.
Are Sri Lankan Rupees the same as Indian Rupees?
No, the Sri Lankan Rupee (LKR) is unique to Sri Lanka and is not interchangeable with other rupee currencies.
What features help identify authentic Sri Lankan banknotes?
Look for vertical lines, see-through imagery, watermarks, and raised textures, all of which serve as security features and accessibility aids.
Can I send money to Sri Lanka online?
Yes, online platforms like Remitly provide a secure and convenient way to send money to Sri Lanka, with competitive rates and multiple delivery options.
