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The Central Bank of Sri Lanka has issued commemorative coins since 1957. On 15 December 2010, to mark the 60th Anniversary, the Central Bank of Sri Lanka issued a frosted proof crown size multi-colour silver commemorative coin in the denomination of Rs. 5,000/-. It was the first multi-colour coin issued by the Central Bank.
Japan holds a relatively small proportion of its reserves in gold compared to some other large economies, though it remains a traditional store of value. Japan's gold holdings are in the range of around 765 tons as of 2024, which is a fraction of its total reserves but still significant.
A Malaria eradication policy of 1946 had cut the death rate from 20 per thousand in 1946 to 14 by 1947. Life expectancy at birth of a Sri Lankan in 1948 at 54 years was just under Japan's 57.5 years. Sri Lanka's infant mortality rate in 1950 was 82 deaths per thousand live births, Malaysia 91 and Philippines 102. [65]
From 1977, banknotes were issued by the Central Bank of Sri Lanka. 20 rupees notes were introduced in 1979, followed by 500 and 1000 rupees in 1981, 200 rupees in 1998 and 2000 rupees in 2006. Sri Lankan banknotes are unusual in that they are printed vertically on the reverse.
It also includes the years of operation of the Central Bank of Sri Lanka (1950 – 2020). The text "Central Bank of Sri Lanka" is written in all three main languages Sinhala, Tamil & English. 20 (which is the face value) of the coin is shown in the reverse with the text "Twenty Rupees" written in all three main languages Sinhala, Tamil & English.
The Central Bank of Sri Lanka has issued two commemorative notes. In 1998 a 200 rupees note was issued on Independence day to commemorate the 50th Independence Anniversary of the country. The note was issued along with three commemorative coins; a five thousand rupees gold coin, a one thousand rupees silver coin, and a ten rupees bi-metallic coin.
The price of 16 Annas was 1 rupee in 1947. The demand for decimalization existed for over a century. Sri Lanka decimalised its rupee in 1869. The Indian Coinage Act was amended in September 1955 for the adoption of a decimal system for coinage. The Act came into force with effect from 1 April 1957. [12]
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]