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The company initially started its operations foraying into manufacturing steel chairs and later it diversified its operations into plastic and wooden furniture. As of 2022, the company has over 175 showrooms in Sri Lanka and 100 showrooms in India. [4] The company is estimated to have around 275 showrooms globally. [5]
Location of Sri Lanka. Sri Lanka is an island country located southeast of the Republic of India and northeast of the Maldives.According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income.
Dubbed "Sri Lanka's Fortune 500." [2] The magazine has been publishing the LMD 100 since the 1994/95 fiscal year. [5] The latest edition, the 29th edition of LMD 100 was published for the fiscal year 2021/2022 in 2023. Sri Lankan conglomerate, Hayleys was ranked first for the fifth consecutive year in 2022. [2]
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These were followed in 1952 by 2, 5, 50 and 100 rupee notes. The 1 rupee notes were replaced by coins in 1963. 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.
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.