LKR: Sri Lankan Rupee – SLR
LKR: The SLR, or Sri Lankan Rupee (LKR), is a currency used in Sri Lanka.
The Sri Lankan rupee is usually abbreviated as SLR, despite the fact that its international currency code is LKR.
It is the official currency of Sri Lanka’s Democratic Socialist Republic, which was previously known as Ceylon.
Key aspects to consider:
Although its official currency code is LKR, the Sri Lankan rupee is frequently abbreviated as SLR.
The central bank of Sri Lanka is in charge of the country’s currency.
Sri Lanka’s economy is expanding. Inflation is currently under control, but it has been high in the past.
The Sri Lankan Rupee (SLR) is a currency of Sri Lanka (LKR)
The rupee of Sri Lanka is divided into 100 cents. One, two, five, 10, 25, and 50 cent coins, as well as one, two, five, and ten rupee coins, are in circulation in Sri Lanka.
10 rupees, 20 rupees, 50 rupees, 100 rupees, 200 rupees, 500 rupees, 1,000 rupees, 2,000 rupees, and 5,000 rupees banknotes are available.
To avoid confusion with other currencies, the Sri Lankan rupee is usually abbreviated as SLR. Rupees are abbreviated as Rs.
The Rupee of Sri Lanka has a long and illustrious history (LKR)
In 1825, the British pound (GBP) was designated as the official currency. Prior to this time, the Ceylonese rixdollar, a money utilised in portions of Europe and several Dutch possessions, was in use. 11/3 rixdollars were exchanged for one pound.
The Indian rupee (INR) was named the official coin of the island nation by the British in 1836, when it returned to the Indian currency region.
The rupee was introduced as legal cash in Ceylon (as Sri Lanka was known at the time).
Three years later, the INR became the island’s sole legal tender. In 1948, the country declared independence from the British, and two years later, the Central Bank of Ceylon was founded.
In 1972, after the country was renamed Sri Lanka, it issued its own currency.
The Economy of Sri Lanka
The Sri Lankan economy has experienced persistent hurdles since its independence in 1948, including infighting among ethnic groups competing for government control, Marxist insurgencies, and a long civil war.
According to World Bank data, GDP increased by 3.2 percent in 2018, but inflation increased by 4.3 percent.
In 2018, real GDP was $88.9 billion, up from $56.7 billion in 2010.
After China and Kenya, Sri Lanka was the world’s third-largest tea exporter in 2018.
Cinnamon, rubber, sugar, and exotic woods including teak, mahogany, and ironwood are among prominent exporters.
Industry sectors such as service and technology also contribute to the economy.
The Central Bank’s Role
Establishing a stable economic environment was a top goal for Sri Lankan government in order to maintain social and political stability.
The Monetary Law Act offers the central bank extensive discretion in implementing monetary policy in order to achieve its economic and price stability goals.
The Central Bank is in charge of formulating and implementing monetary policy, as well as influencing the cost and availability of money.
Currently, the country’s monetary policy framework places a higher emphasis on market-based policy instruments and the utilisation of market forces to achieve desired goals.
It keeps a close eye on the money supply and engages in a robust campaign of shredding and replacing notes as needed.
The central bank is also in charge of designing, producing, and distributing banknotes and minting coins under the Monetary Control Act.
The vertical printing on the back side of Sri Lankan notes is one of their most distinctive and readily recognisable features.
Cotton material and heightened textures for the visually handicapped are also distinguishing qualities.
To counteract counterfeiting, banknotes have watermarks, security threads, see-through pictures, ink shifting, and other security features.
Converting Sri Lankan Rupees (LKR) into Other Currencies as an Example
Assume that one US dollar costs 181.26 SLR to purchase (USD). This is a USD/LKR rate of 181.26.
If the rate rises to 190, the rupee loses value since it now costs more LKR to buy a dollar.
The LKR would have liked if the rate fell to 170 because it now costs fewer rupees to buy one US dollar.
Divide one by the USD/LKR rate to find out how many US dollars can be purchased with one LKR.
The LKR/USD rate will be 0.0055 (note that the codes are reversed).
This translates to around half a cent in US dollars for a Sri Lankan rupee.
Also Read :
Lewis Hamilton and British F1 drivers’ heartwarming Mother’s Day messages
On Mother’s Day, four Lewis Hamilton and British F1 drivers paid tribute to their mothers with a series of heartfelt messages.
Lewis Hamilton spoke fondly and with pride of his mother Carmen and step-mum Linda, referring to them as the “loves of his life.”
“Well I have two Mums,” he shared in an emotional video piece broadcast on Sky F1 before Sunday’s Saudi Arabian Grand Prix.
“My biological mother raised me until the age of eight. She was the most influential influence in my life; she instilled empathy, warmth and compassion for those around me. Without doubt, she will always remain my most influential role model.”
“I was blessed to have Linda as a second mother,” I recall fondly. It can be challenging to adopt or stepparent, and she made sure our home was always warm.”
“Thank you both from the bottom of my heart for being part of such an important part of my life. You two truly make me proud, thank you from the bottom of my heart for always being by my side – have a wonderful day!” “Your role as parents is so vital and I’m so blessed that they both stand by me every step of the way,”
Hamilton’s Mercedes teammate George Russell also spoke glowingly of his mother Alison.
“Middleton credits my mother with being an enormous influence in my life,” the 25-year-old reflected.
“From my dad driving me to school every day to his support throughout my entire racing journey”
“When I was growing up, my mother would always record all the setups and observations from every test day or race.”
McLaren driver Lando Norris expressed: “My mother’s role has been extremely influential in my life.”
“She has been absolutely phenomenally supportive, as supportive as any mother can be when their son pursues his goals. She stood by me every step of the way and still does today – I couldn’t ask for more.”
Williams driver Alex Albon, who is half-Thai, spoke about the journey his mother and family have endured.
“My mother has been my number one supporter from the start of my racing career, but she doesn’t really care,” he said. “She could’ve easily been a taxi driver.”
“When it comes to Formula 1, my family and I must come together.” She comes with me when I race and it’s an amazing feeling for her to witness me living my dream,” said Aiken. “Formula 1 has become such a part of who I am as an individual and as a family.”
Khalistan Amritpal Singh News LIVE Updates
Khalistan Amritpal Singh News LIVE Updates: Punjab police extended the internet ban until Tuesday noon as their search operation to locate Khalistani leader Amritpal Singh entered Day 3. Despite police claims that Amritpal Singh wasn’t arrested during a car chase in Jalandhar district on Saturday, Punjab and Haryana High Court has ordered the state government to respond on Tuesday to a habeas corpus petition which claims ‘Waris Punjab De’ chief is already in illegal police custody and should be released
Also Read-: Who Is Amritpal Singh Sandhu? Why Punjab Police Searched Him? And Recently Arrested Him
Vladimir Putin’s surprise visit to Mariupol amid ongoing Ukraine war
Russian President Vladimir Putin has paid an unexpected visit to Mariupol, a Ukrainian port captured by Russia after its forces left much of it in ruins.
Official video captures Mr Putin driving his car through streets at night and speaking to people. According to the Kremlin, this incident took place late Saturday night.
It is believed to have been his first trip to occupied Ukrainian territory.
Mariupol’s exiled mayor told (According to BBC News) that Mr Putin was a “criminal” who had “returned to the scene of his crime”.
Vadym Boychenko declared, “He has come in person to accept responsibility for what he has done. He’s come to learn what will be the consequences of his actions.”
Other exiled Ukrainian city officials reported that Mr Putin had visited their city at night so as not to witness daylight destruction in its aftermath.
Tass news agency reports that Russian Deputy Prime Minister Marat Khusnullin made a helicopter journey to Mariupol. In the video, he can be seen sitting with Marat Khusnullin explaining how the city is being rebuilt.
The Kremlin has reported that Vladimir Putin made the spontaneous decision to drive around Moscow.
Putin also visits the city’s Philharmonic Hall, which had been set to house trials of captured Ukrainian forces before they were exchanged in a prisoner swap.
Reports indicate that Vladimir Putin met with top military commanders in Rostov-on-Don, a city located just east of Mariupol.
Mariupol has been under Russian occupation for more than 10 months after it was devastated in one of the longest and bloodiest battles of the conflict. Ukraine estimates that more than 20,000 people died there.
UN analysis estimates that 90% of buildings were damaged and around 350,000 people were forced to flee, out of a pre-war population of approximately 500,000.
According to local residents, Russia is conducting an expensive campaign to rebuild Mariupol and win over its people’s hearts and minds. The aim is to assimilate Mariupol into Russia’s fold, with authorities reporting that 300,000 people now reside there.
Russia struck a Mariupol theatre where hundreds of civilians were sheltering. The building collapsed, and at least 300 people are believed to have perished there.
Ukraine and human rights groups contend that the attack constituted a war crime.
According to the United Nations, Mr Putin and his regime could be held legally responsible for several incidents.
On Friday, the International Criminal Court issued a warrant for arrest of Mr Putin over allegations of illegal deportation of Ukrainian children to Russia. This means he could now be detained if he enters any one of its 123 member states.
On Saturday, Vladimir Putin paid an unexpected visit to Crimea to mark the ninth anniversary of Russia’s annexation of the territory from Ukraine.
State media reported that Putin visited a new Russian arts school, children’s summer camp and future cultural initiatives like the New Russia museum and museum of Christianity, according to Russian state media.
Kyiv authorities have promised to liberate all Russian-occupied territories, including Crimea which Russia annexed in 2014.
- Uncategorized2 years ago
Michael LaVaughn Robinson AKA Barack Obama Wife
- Anime1 year ago
Who Is Rock Lee Wife And Metal Lee’s Mother?
- Technology2 years ago
PS6: When can we expect the PlayStation 6 & what do we want to see?
- Uncategorized2 years ago
Who is Ian Miles Cheong, and why does the internet care where he lives?
- Uncategorized2 years ago
What is RNFI and its services, where to log in to RNFI login?
- World1 year ago
Elliana Walmsley, Sister To Famous Actress Emma Watson
- Entertainment2 years ago
- Entertainment2 years ago
Boku no pico – Story & Details