LKR (Sri Lankan Rupee)

DEFINITION of 'LKR (Sri Lankan Rupee)'

The currency symbol for the Sri Lankan rupee (LKR), the currency for the Democratic Socialist Republic of Sri Lanka (Ceylon prior to 1972), an island nation off the southern coast of India. The Sri Lankan rupee is made up of 100 cents and is often presented with the symbol Rp. or Rs., in the form Rp. 50 for 50 rupees.

The rupee can also be presented with SLRp. or SLRs., rather than Rp. or Rs., to differentiate it from other currencies denominated in rupees.

BREAKING DOWN 'LKR (Sri Lankan Rupee)'

The Sri Lankan rupee was first established in 1869, replacing the British pound at an amount equal to the Indian rupee (1 rupee to 2 shillings, 3 pence), and was a decimal currency from 1871. As inflation devalues the currency, new banknotes are released (for example, in 2006 a 2000 rupee note was issued), and although older Sri Lankan (and Ceylon) banknotes and coins remain legal tender, older and smaller notes and coins are rarely seen in circulation.

RELATED TERMS
  1. SLR

    In currencies, this is the abbreviation for the Sri Lankan rupee. ...
  2. INR (Indian Rupee)

    The currency abbreviation or currency symbol for the Indian rupee ...
  3. INR

    The currency abbreviation or currency symbol for the Indian rupee ...
  4. PKR (Pakistani Rupee)

    The currency abbreviation or currency symbol for the Pakistani ...
  5. MUR (Mauritius Rupee)

    The currency abbreviation for the Mauritius rupee (MUR), the ...
  6. NPR (Nepalese Rupee)

    The currency abbreviation or currency symbol for the Nepalese ...
Related Articles
  1. Forex

    The Pros and Cons of a Fully Convertible Rupee

    Amid the rising economic power of India, the talks of making the Indian currency fully convertible are gaining momentum. We look at the pros and cons.
  2. Mutual Funds & ETFs

    Change The World One Investment At A Time

    Socially responsible investing allows you to express your political views in an unlikely way.
  3. Products and Investments

    SRI Funds and Your 401(k): What You Need to Know

    Socially responsible, green and impact investing options are now DoL-approved for 401(k) plans. Here's what investors should know.
  4. Economics

    Interesting Facts About Imports And Exports

    Imports and exports exert a profound influence on the consumer and the economy. Learn what affects these figures, and in turn how these figures affect the economy.
  5. Retirement

    The Cheapest Places to Retire in India

    Outside the major metroplexes of Mumbai and Delhi are many quieter locations ideal for retirees – and they offer less expensive living costs as well.
  6. Forex Strategies

    5 Emerging Markets Currencies to Consider in 2016

    Take a look at five emerging market currencies that could show strength in 2016, despite expectations that most emerging economies will continue to struggle.
  7. Forex Strategies

    Three Currencies Benefiting From Low Oil Prices

    The Indian rupee is clearly the biggest beneficiary of the slide in oil prices, followed by the Indonesian rupiah and British pound.
  8. Mutual Funds & ETFs

    Investing in More Than Money: A SRI How-to Guide

    Here's how socially responsible investing stacks up against green and impact investing. Which category is right for you? Read on.
  9. Economics

    Chinese Yuan Devaluation Can Impact India

    Learn why China's unexpected devaluation in August 2015 of its national currency, the yuan renminbi, could impact India’s economy.
  10. Personal Finance

    Go Green With Socially Responsible Investing

    Find out how morals and ethics can bring you a surprising return.
RELATED FAQS
  1. Is there a difference between socially responsible investing (SRI) and green investing?

    There isn't a huge difference between socially responsible investing (SRI) and green investing; green investing is actually ... Read Answer >>
  2. How is the provident fund funded?

    Find out how provident funds are funded, including the basics of how this retirement savings program works and examples of ... Read Answer >>
  3. Who decides when to print money in India?

    Find out the role of the Reserve Bank of India, or RBI, and the amount of authority given to the government. Learn who is ... Read Answer >>
  4. What risks does a Foreign Institutional Investor (FII) face?

    Read about the types of risks that a foreign institutional investor faces when trading in Indian stock exchanges and dealing ... Read Answer >>
  5. How does a Foreign Institutional Investor (FII) manage currency risk when investing ...

    Find out how foreign institutional investors protect themselves against inflation and currency risks when investing in international ... Read Answer >>
  6. Do hedge funds have ticker symbols?

    Discover whether or not hedge funds have ticker symbols, where you can find ticker symbols and the significance of a ticker ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center