SRI LANKAN MONETARY UNIT Meaning and
Definition
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The term "Sri Lankan monetary unit" refers to the official currency used in Sri Lanka. Sri Lanka, commonly known as the "Pearl of the Indian Ocean," is a South Asian island country located in the Indian Ocean. The Sri Lankan monetary unit is the Sri Lankan Rupee (LKR), which serves as the country's legal tender.
As of the time of writing, the Sri Lankan Rupee is subdivided into 100 cents. It is represented by the symbol "₨" or "රු" in Sinhalese, the most widely spoken language in Sri Lanka. The central bank responsible for issuing and regulating the currency is the Central Bank of Sri Lanka.
Established as the official currency in 1872, the Sri Lankan Rupee carries a fluctuating exchange rate against other major world currencies such as the US Dollar, Euro, or British Pound. It is available in various denominations, including banknotes and coins.
The Sri Lankan monetary unit plays a significant role in facilitating trade, commerce, and financial transactions within the country's borders. It allows individuals and businesses to purchase goods and services, pay taxes, and conduct transactions in Sri Lanka's domestic market. Additionally, it serves as a measure of value, unit of account, and a store of wealth for the people residing in Sri Lanka.
Common Misspellings for SRI LANKAN MONETARY UNIT
- ari lankan monetary unit
- zri lankan monetary unit
- xri lankan monetary unit
- dri lankan monetary unit
- eri lankan monetary unit
- wri lankan monetary unit
- sei lankan monetary unit
- sdi lankan monetary unit
- sfi lankan monetary unit
- sti lankan monetary unit
- s5i lankan monetary unit
- s4i lankan monetary unit
- sru lankan monetary unit
- srj lankan monetary unit
- srk lankan monetary unit
- sro lankan monetary unit
- sr9 lankan monetary unit
- sr8 lankan monetary unit
- sri kankan monetary unit
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