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The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
The Sri Lankan Rupee ( Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: රු (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents ( Sinhala: සත, Tamil: சதம் ), but cents are rarely seen in circulation due to its low value. It is issued ...
Sri Lanka has seen external instability from around late 2014 suffering two currency crises and low growth with the rupee falling from 131 to 182 to the US dollar by 2018. Foreign debt rose from 30% of gross domestic product in 2014 to 41.3% in 2019 while total debt went up from 76% to 86% as growth slowed amid [7] Sovereign bond borrowings ...
Stamps of Sri Lanka. Sri Lanka is the only country to include details in a stamp in three languages viz. Sinhala, Tamil and English. The first stamps marked Sri Lanka were issued on 22 May 1972. Souvenir sheets. Sri Lanka has been issuing souvenir sheets since 1966. Many of the earliest souvenir sheets issued by Sri Lanka are valuable.
The banknotes of the Sri Lanka rupee are part of the physical form of Sri Lanka 's currency. The issuance of the rupee banknotes began in 1895. The Government of Ceylon introduced its first paper money in the form of the 5 rupee banknote in 1895. These were followed by 10 rupee notes in 1894, 1000 rupee notes in 1899, 50 rupee notes in 1914, 1 ...
Ceylon Electricity Board has lost 25.5 billion rupees in 2011, and run up debts of 121 billion rupees with a petroleum distributor [who?] and independent power producers. In 2012, the CEB lost 61.2 billion rupees and the Ceylon Petroleum Corporation which supplied fuel below cost 89.7 billion rupees. To cover up the loss, the CEB increased ...
A Tamil version of the Gazette was started in 1806, and a Sinhala version in 1814. In 1972 the Sri Lankan government of Sirimavo Bandaranaike adopted a new Sri Lankan constitution and repudiated Dominion status. The paper ceased publication that year after issue 15,011.
The Central Bank of Sri Lanka has issued commemorative coins since 1957. On 15 December 2010, the Central Bank of Sri Lanka issued a Frosted Proof crown size multi-colour silver commemorative coin in the denomination of Rupees 5000 for the bank's 60th anniversary. [1] It was the first multi-colour coin issued by the Central Bank.