Currency Exchange Rates for Sri Lankan Rupee
Currency Information on Sri Lankan Rupee - Currency Information on LKR— Sri Lankan rupee - රු or Rs. The foreign exchange currency code for LKR represents the Sri Lankan Rupee exchange rate
The first official currency of Ceylon was the British pound, which was introduced in 1825. The Indian rupee was introduced in 1836 and used in transactions, although the pound remained the legal tender, and accounts were kept in pounds, shillings and pence.
The Indian rupee was given legal tender status in 1869 and was decimalised in 1871, it became the sole legal tender in 1872.
, which is popularly abbreviated as LRK, is the main currency of the Republic of Sri Lanka. The currency is divided into 100 cents which are issued by the Central Bank of Sri Lanka. It is exchanged with US Dollar using LKT to USD rate. Its strength to the dollar has been stable due to a number of factors including stable economy, and many other factors.
History of Sri Lankan Rupee
Sri Lankan Rupee is among the three currencies that use cent as its subunit. This currency was formerly called Ceylon which was introduced in 1870 at par with Indian Rupee but was later replaced by British Currency unit. From 1885 the currency board of the Government of Ceylon started printing Sri Lankan Rupee. Rupee banknotes. The Ceylon rupee was linked to the Indian rupee but got separated in 1941 but retained its value being equal to the Indian rupee. After the Island gained its independence in 1948, the currency board which was mandated to issue the currency was replaced by the Central Bank of Ceylon. The country was later renamed to Sri Lanka in 1972 which also saw the renaming of Ceylon currency to Sri Lankan Rupee.
Coins of Sri Lankan Rupee
Coins are branded with Armorial Ensign of the Republic of Sri Lanka. They come in denominations of 25 and 50 cents, 1, 2 and 5 rupees. Production of the lower denominations of 1, 2, 5 and 10 coins have been discontinued due to the high cost of production and lower commercial demand.
The Central Bank of Sri Lanka issues the following denominations of rupee notes 20, 200, 500, 1000, and 2000. The notes are printed vertically with portraits of former Sri Lankan prime minister and former president Mahinda Rajapaksa. The backs is printed with Sri Lankan features, mountains, lakes and other attractive fauna and flora. The Sri Lankan rupee is currently exchanging at 0.0065 to the US Dollar.
GBP to LKR
Frequently used coins are circulated in denominations of 1, 2, 5 and 10 rupees. 1, 2, 5, 10, 25 and 50 cent coins are not used frequently. Send Money Transfer to Sri Lanka.
Banknotes area available in denominations of 10, 20, 50, 100, 200, 500, 1000, 2000 and 5000, though the 10, 200 and 2000 rupee notes are infrequently used, and 10,000 rupee notes are used solely for inter-bank exchanges. Bank Exchange Rates for Sri Lankan Rupee. The foreign exchange rates for Sri Lanka also known as the ISO code LKR. Send money transfer online with us with the cheapest options