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Sri Lanka currency Sri Lanka Rupee

The currency used in Sri Lanka is called the Sri Lanka Rupee (LKR), with the standard symbol: LKR. The original symbol was Re, and the plural form is Rs. Currently, there are 8 denominations of banknotes in circulation in Sri Lanka, which are 2, 5, 10, 20, 50, 100, 500, 1000, and 2000 rupees. However, the 2 and 5 rupee banknotes are rarely used and may need to be exchanged at a Bank of Ceylon branch. Here are some key points about the currency of Sri Lanka:

1. Currency Denominations:

The Sri Lankan currency has 8 types of banknotes with denominations ranging from 2 rupees to 5000 rupees. However, the 2 and 5 rupee banknotes are no longer commonly used due to the development of the economy and technology.

2. Currency Symbol:

The standard symbol for Sri Lanka Rupee is LKR. The original symbol used was Re, which is still sometimes seen in older transactions. The plural form of the currency symbol is Rs.

3. Sri Lanka Currency Exchange Rate:

The exchange rate between the Chinese Yuan (CNY/RMB) and the Sri Lankan Rupee (LKR) is approximately 1:20.87. This means that 1 Chinese Yuan is roughly equivalent to 20.87 Sri Lankan Rupees.

4. Decimal System:

The subunit of the Sri Lankan currency is the cent, with 1 rupee equal to 100 cents. However, the cent is not commonly used in everyday transactions, and the rupee is the primary unit of currency.

5. Appearance of Currency:

The banknotes of Sri Lanka Rupee vary in design and color. Each denomination has its unique features and security measures to prevent counterfeiting. The banknotes typically feature notable landmarks, historical figures, and cultural symbols of Sri Lanka.

6. Currency Exchange Information:

As of March 2020, the exchange rate of 1 US Dollar is approximately 190 Sri Lankan Rupees, and 1 Chinese Yuan is roughly equal to 26.5 Sri Lankan Rupees.

Overall, the currency used in Sri Lanka is the Sri Lanka Rupee (LKR). It has several denominations of banknotes in circulation, with the lower denominations of 2 and 5 rupees becoming less commonly used. The currency symbol is LKR, and the exchange rate varies with other international currencies. Understanding the currency of a country is essential for travelers and individuals engaging in financial transactions within Sri Lanka.