# Sri Lankan rupee

> currency of Sri Lanka

**Wikidata**: [Q4596](https://www.wikidata.org/wiki/Q4596)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Sri_Lankan_rupee)  
**Source**: https://4ort.xyz/entity/sri-lankan-rupee

## Summary
The Sri Lankan rupee (LKR) is the official currency of Sri Lanka, an island country in South Asia. It is one of several currencies worldwide named "rupee" and is a generally accepted medium of exchange for goods and services. The currency is issued by the Central Bank of Sri Lanka and has aliases such as Tamil rupee, Sri Lankan rupees, and SLRs.

## Key Facts
- The Sri Lankan rupee is the currency of Sri Lanka, an island country in South Asia.
- It is a member of the rupee family of currencies, sharing its name with others like the Indian rupee.
- The currency is issued by the Central Bank of Sri Lanka, which is responsible for its regulation and production.
- The Sri Lankan rupee has aliases including Tamil rupee, Sri Lankan rupees, Sri Lanka Rupee, SLRs, and LKR.
- Sri Lanka gained independence from British rule in 1948, and the Sri Lankan rupee became the official currency in its current form.
- The currency is used as a medium of exchange for goods and services within Sri Lanka.
- De La Rue, a British company, has been involved in the security printing and handling of Sri Lankan currency notes.

## FAQs
- **What is the official name of Sri Lanka's currency?** The official name is the Sri Lankan rupee, with the ISO code LKR.
- **How is the Sri Lankan rupee different from other rupees?** While all rupees share the name, the Sri Lankan rupee is distinct in its issuance, regulation, and use within Sri Lanka.
- **Who regulates the Sri Lankan rupee?** The Central Bank of Sri Lanka is responsible for regulating and issuing the currency.
- **What are the common aliases for the Sri Lankan rupee?** It is also referred to as the Tamil rupee, Sri Lankan rupees, Sri Lanka Rupee, SLRs, and LKR.
- **When did Sri Lanka adopt the Sri Lankan rupee as its official currency?** The currency became official following Sri Lanka's independence from British rule in 1948.

## Why It Matters
The Sri Lankan rupee plays a crucial role in the economy of Sri Lanka, facilitating trade, commerce, and financial transactions. As the official currency, it ensures stability and liquidity within the country's financial system. The issuance and regulation of the rupee by the Central Bank of Sri Lanka help maintain economic control and prevent inflation. Additionally, the currency's use as a medium of exchange supports the daily economic activities of individuals and businesses in Sri Lanka.

## Notable For
- Being the official currency of Sri Lanka since its independence in 1948.
- Being part of the rupee family of currencies, sharing its name with others like the Indian rupee.
- Having De La Rue, a British company, involved in its security printing and handling.
- Having aliases such as Tamil rupee, Sri Lankan rupees, and SLRs, reflecting its widespread use and recognition.

## Body
### Overview
The Sri Lankan rupee (LKR) is the official currency of Sri Lanka, an island nation in South Asia. It is one of several currencies worldwide named "rupee," sharing its name with others like the Indian rupee. The currency is issued and regulated by the Central Bank of Sri Lanka, which ensures its stability and use as a medium of exchange for goods and services within the country.

### History and Regulation
Sri Lanka gained independence from British rule in 1948, and the Sri Lankan rupee became the official currency in its current form. The Central Bank of Sri Lanka is responsible for regulating and issuing the currency, ensuring economic stability and preventing inflation. The currency's issuance and handling are supported by companies like De La Rue, a British firm specializing in security printing and cash handling systems.

### Usage and Recognition
The Sri Lankan rupee is widely accepted as a medium of exchange for goods and services within Sri Lanka. It is also recognized by its aliases, including Tamil rupee, Sri Lankan rupees, Sri Lanka Rupee, SLRs, and LKR. These aliases reflect the currency's widespread use and recognition across different regions and communities within the country.

### Economic Role
As the official currency of Sri Lanka, the Sri Lankan rupee plays a crucial role in the country's economy. It facilitates trade, commerce, and financial transactions, supporting the daily economic activities of individuals and businesses. The currency's use ensures liquidity and stability within the financial system, contributing to the overall economic development of Sri Lanka.

## References

1. Freebase Data Dumps. 2013
2. GF WordNet