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The Sri Lankan Rupee (Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: රු (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents ( Sinhala : සත , Tamil : சதம் ), but cents are rarely seen in circulation due to their low value.
As in 1983, this had been intended to boost the balance of trade: oil prices, US$29 in 1983, fell by 50% in 1986 alone, to below US$9 per barrel. Thus, in the period from 1978 to 1986, the real exchange rate of the Indonesian rupiah fell by more than 50%, providing significant boosts to the competitiveness of Indonesia's exports.
As a result of the successful re-establishment of coinage in Indonesia, notes below 100 rupiah were withdrawn in Indonesia permanently from 1 September 1975 (at which point the exchange rate was fixed at 415 rupiah to the dollar, hence the largest denomination banknote to be withdrawn, the 50 rupiah note, was worth around US$0.10).
The fifty rupiah coin (Rp50) is a denomination of the Indonesian rupiah.It was first introduced in 1971 and last minted in 2003. As of 2020, only aluminum Rp50 coins dating from 1999 through 2003 remain legal tender, although it is rarely seen in circulation due to its extremely low value.
60th Anniversary of the Sri Lanka Army 28.50 Cu-Ni 8.25 2009 5000 60th Anniversary Central Bank of Sri Lanka [2] Central Bank Crest A tree depicting the growth and the stability of Sri Lanka's economy 38.61 Silver 28.28 2010 2 60th Anniversary of the Sri Lanka Air Force [3] Logo of Sri Lanka Air Force in the centre.
The consequence of the new Act was that old Dutch coins would be void for payment, [5] and Indonesian rupiah coins would be issued with values of 1, 5, 10, 25, and 50 sen under the remit of the Indonesian government. Low-denomination Dutch banknotes were to be withdrawn in due course.
The first 'Indonesian rupiah' bank notes bore the date of the rupiah's proclamation, 17 October 1945, under the authority of the newly-formed republic, and were put in circulation in Java starting from 10 October 1946. The notes were in denominations of 1 cents, 5 cents, 10 cents, 50 cents, Rp1, Rp5, Rp10, and Rp100. [3]
The administration of prices of a range of basic goods (including rice and electricity) also plays a significant role in Indonesia's market economy. However, micro, medium and small companies contribute around 61.7% of the economy and significant major private owned companies and foreign companies are also present .