Sri Lankan Rupee (LKR) Profile
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Sri Lankan rupee users
The Sri Lankan rupee is the currency of Sri Lanka (officially the Democratic Socialist Republic of Sri Lanka) which is an island country in South Asia. It locates in the northern Indian Ocean.
Sri Lanka was formerly known as Ceylon until 1972 when Ceylon became a republic within the Commonwealth and was changed name to Sri Lanka. Ceylon declared independence from the United Kingdom in 1948. Between 1815 and 1948, it was a British Crown colony and known as British Ceylon.
Sri Lankan rupee history
The Sri Lankan rupee has been the sole legal tender of Ceylon (Sri Lanka) since January 1, 1872, replacing the British pound at 1 LKR= 2 shillings 3 pence.
British Ceylon (predecessor of Sri Lanka) started to use British Pound since 1825 and later converted to the Indian rupee area in 1836. The British pound was legal tender meanwhile the payments were made by rupees at a rate of 1 pound = 10 rupees. The Rupee was decimalized on August 23, 1871 and thus the Sri Lankan rupee (LKR) was introduced with subdivision 1 rupee = 100 cents. The exchange rate of Sri Lankan rupee to the British pound is at 1 GBP = 192.948 LKR as date of February 27, 2013.
Sri Lankan rupee coins and banknotes
The sri Lankan rupee is subdivided into 100 cents.
Currently in circulation coins are in denominations of 1, 2, 5, 10 rupees, and banknotes are in denominations of 10, 20, 50, 100, 500, 1000, 2000, 5000 rupees. Coins of 1-, 2-, 5-, 10-, 25-, 50- cents and banknotes in 200-rupees are not frequently used.
Sri Lankan rupee and the currency of rupee
The first rupee was introduced in the sixteenth century. It is still being used by many countries including India, Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles, Maldives, Indonesia (as the rupiah). It was formerly used in Burma, Afghanistan and many countries of Persian Gulf and the Arabian Peninsula.
Sri Lanka started to use the rupee since 1836.
Nations | Currency name | Currency code | 1 USD= | 1 EUR= | 1 GBP= | Notes |
---|---|---|---|---|---|---|
Indonesia | Indonesian rupiah | IDR | 9675.00 | 12592.3 | 14527.2 | The Indonesian rupiah was introduced on 2 January 1949. |
India | Indian rupee | INR | 54.9081 | 71.4646 | 82.4457 | The Indian rupee started to replace the various rupee currencies used by Indian autonomous states since 1845 and got all replaced by 1961. |
Maldives | Maldivian rufiyaa | MVR | 15.400 | 20.0433 | 23.1257 | The Maldivian rufiyaa was introduced in 1947 with equal value to the rupee. |
Mauritius | Mauritian rupee | MUR | 30.930 | 40.2559 | 46.4468 | The Mauritian rupee was introduced in 1876. |
Nepal | Nepalese rupee | NPR | 87.8971 | 114.404 | 131.990 | The Nepalese rupee was introduced in 1932. |
Pakistan | Pakistani rupee | PKR | 98.2574 | 127.889 | 147.548 | The Pakistan rupee was introduced after the partition from British India in 1947. |
Seychelles | Seychelles rupee | SCR | 12.3732 | 16.1046 | 18.5802 | The Seychelles rupee was introduced in 1914. |
Sri Lanka | Sri Lanka rupee | LKR | 127.429 | 165.874 | 191.379 | The Sri Lanka Rupee was used since January 1872. |
Nations | Currency name | Currency code | 1 USD= | 1 EUR= | 1 GBP= | Notes |
---|---|---|---|---|---|---|
Afghanistan | Afghan afghani | AFN | 51.9798 | 67.6616 | 78.0652 | The Afghani replaced Rupee in 1925. |
Myanmar (Burma) | Myanmar(Burma)kyat | MMK | 861.497 | 1121.44 | 1293.72 | Myanmar (Burma) Kyat replaced Rupee in 1952 at par. |
United Arab Emirates | United Arab Emirates dirham | AED | 3.673 | 4.78127 | 5.51579 | Gulf rupee was used in the United Arab emirates between 1959 and 1966, equivalent to the Indian rupee. |
Bahrain | Bahraini dinar | BHD | 0.37703 | 0.49075 | 0.56618 | 1. Gulf rupee was used in Bahrain between 1959 and 1966, equivalent to the Indian rupee. 2. Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 1 BHD =10 Gulf rupees. |
Kuwait | Kuwaiti dinar | KWD | 0.28375 | 0.36934 | 0.4261 | 1. Gulf rupee was used in Kuwaiti between1959 and 1961. It was equivalent to the Indian rupee. 2. Kuwaiti dinar was introduced in 1961, replacing the Gulf rupee at 1 dinar = 13⅓ Gulf rupee. |
Oman | Omani rial | OMR | 0.38505 | 0.50119 | 0.57822 | 1. Gulf rupee was used in Oman from 1959 to 1970 and was replaced by Oman rial Saidi at a rate of approximately 1 rial Saidi =21 Gulf rupees. 2. Oman rial was introduced in 1973, replacing the rial Saidi at par. |