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VEO
VEO
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LKR
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About Sri Lankan Rupee (LKR)

The Sri Lankan Rupee (LKR), established in 1885, is more than just the monetary unit of Sri Lanka; it represents the nation's rich cultural heritage and its evolving economic landscape. It is commonly abbreviated as LKR and represented by the symbol Rs. As a key player in Sri Lanka's economic activities, the Rupee has witnessed the country's journey from a colonial past to an independent nation striving for economic growth and stability.

Historical Background

The introduction of the Sri Lankan Rupee marked a significant shift from the British Indian Rupee, aligning with Sri Lanka's (then Ceylon) transition towards economic self-sufficiency. This change was part of the broader colonial policy but later became a symbol of national identity after Sri Lanka gained independence in 1948.

Design and Symbolism

The design of the Sri Lankan Rupee is a vivid reflection of the country's diverse flora and fauna, historical landmarks, and figures who have shaped its history. The notes and coins feature images of ancient kings, renowned figures, native wildlife, and significant cultural and natural sites. These elements are not just decorative; they are imbued with the nation's story and pride.

Economic Role

The Rupee plays a central role in Sri Lanka’s economy, which is characterized by its tea, rubber, and coconut exports, along with a growing tourism industry and remittances from overseas workers. As the primary medium of exchange, it facilitates trade and transactions within these sectors, underpinning the country's economic activity.

Monetary Policy and Inflation

Managed by the Central Bank of Sri Lanka, the Rupee has faced challenges including inflation and depreciation, particularly in times of political and economic instability. The bank’s monetary policies aim to stabilize the currency, which is crucial for maintaining economic confidence and attracting foreign investment.

International Trade and the Sri Lankan Rupee

The value of the Rupee is significant in international trade, particularly for Sri Lanka's exports like textiles and tea. A stable Rupee is important for maintaining competitive export prices and attracting foreign direct investment.

Remittances and Economic Impact

Remittances from the Sri Lankan diaspora, especially from the Middle East and Europe, are a significant source of foreign income. These remittances, converted into Rupees, play a substantial role in supporting families and contributing to the national economy.

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1D7D1M3M1YAll
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Bitgethot-iconcalculator.compare.best
Rs107.09
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$0
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$0
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0 VEO

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0.5 VEO
Rs53.54
1 VEO
Rs107.09
5 VEO
Rs535.44
10 VEO
Rs1,070.88
50 VEO
Rs5,354.41
100 VEO
Rs10,708.82
500 VEO
Rs53,544.12
1000 VEO
Rs107,088.24

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0.5LKR0.004669  VEO
1LKR0.009338  VEO
5LKR0.04669  VEO
10LKR0.09338  VEO
50LKR0.4669  VEO
100LKR0.9338  VEO
500LKR4.67  VEO
1000LKR9.34  VEO

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0.5 VEO$0.1827$0.1795
+2.16%
1 VEO$0.3655$0.3590
+2.16%
5 VEO$1.83$1.79
+2.16%
10 VEO$3.65$3.59
+2.16%
50 VEO$18.27$17.95
+2.16%
100 VEO$36.55$35.9
+2.16%
500 VEO$182.75$179.5
+2.16%
1000 VEO$365.5$359
+2.16%

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0.5 VEO$0.1827$0.1615
+15.96%
1 VEO$0.3655$0.3231
+15.96%
5 VEO$1.83$1.62
+15.96%
10 VEO$3.65$3.23
+15.96%
50 VEO$18.27$16.15
+15.96%
100 VEO$36.55$32.31
+15.96%
500 VEO$182.75$161.54
+15.96%
1000 VEO$365.5$323.09
+15.96%

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0.5 VEO$0.1827$1.32
-88.11%
1 VEO$0.3655$2.65
-88.11%
5 VEO$1.83$13.24
-88.11%
10 VEO$3.65$26.49
-88.11%
50 VEO$18.27$132.43
-88.11%
100 VEO$36.55$264.86
-88.11%
500 VEO$182.75$1,324.3
-88.11%
1000 VEO$365.5$2,648.59
-88.11%

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