Definition

1. Noun:
   • The basic unit of money in Sri Lanka: The "Sri Lanka rupee" is the official currency of the Democratic Socialist Republic of Sri Lanka. It serves as the standard monetary unit for all transactions within the country.
   • Subdivided into 100 cents: One Sri Lanka rupee is comprised of 100 smaller units called cents, though cent denominations are rarely used in practice due to low value.

Usage Examples

• Noun:
  • The price for a local meal is about 500 Sri Lanka rupees.
  • You need to exchange your dollars for Sri Lanka rupees upon arrival at the airport.
  • The old 1000 Sri Lanka rupee note features a historic design.

Advanced Usage

• In economic contexts: The term is used when discussing exchange rates, monetary policy, or inflation specific to Sri Lanka.
  • The Central Bank of Sri Lanka manages the float of the Sri Lanka rupee.
• In travel writing: Commonly appears in guides and articles to inform tourists about local costs.
  • Budget travelers can find accommodation for under 2000 Sri Lanka rupees per night.

Variants and Related Words

• LKR: The official ISO 4217 currency code for the Sri Lanka rupee, used in international finance and banking.
• Rupee: The broader term for the currency used in several countries, including India, Pakistan, and Sri Lanka. The "Sri Lanka rupee" is a specific national variant.
• Cent: The fractional subunit, though largely obsolete in everyday transactions.

Synonyms

• LKR (the three-letter code).
• Sri Lankan currency (a descriptive synonym).

Related Phrases

• Rupee denominated: Referring to financial instruments or prices stated in Sri Lanka rupees.
  • The bond is rupee denominated.
• Rupee volatility: A phrase used in economic analysis to describe fluctuations in the currency's value.
  • Exporters are affected by rupee volatility.

Noun

1. the basic unit of money in Sri Lanka; equal to 100 cents