The Sri Lanka Rupee is the official currency of Sri Lanka, a small island nation located in South Asia. It is denoted by the ISO currency code LKR and is symbolized by the abbreviation Rs or ₨. The currency is regulated and issued by the Central Bank of Sri Lanka.
One Sri Lanka Rupee is subdivided into 100 cents, although cent coins are not commonly used in daily transactions. The Sri Lanka Rupee is available in both banknotes and coins. Banknotes are issued in various denominations including 10, 20, 50, 100, 200, 500, 1000, 2000, and 5000 Rupees. Coins are available in denominations of 1, 2, 5, and 10 Rupees.
The Sri Lanka Rupee has a floating exchange rate and its value against other currencies is determined by market forces. It is essential for international trade, investments, tourism, and daily transactions within the country. The currency's stability and value are closely monitored and influenced by the Central Bank of Sri Lanka to maintain economic equilibrium.
Sri Lanka Rupee's history dates back to ancient times when it was used for trade in the region. Throughout its history, the currency has seen fluctuations due to various economic factors and external influences. The Sri Lanka Rupee serves as a crucial measure of wealth and is widely accepted throughout the country for all sorts of transactions.
