sri lanka rupee

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sri lanka rupee

A traveler exchanges some Sri Lanka rupees at a currency counter.

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.
sri lanka rupee

A traveler exchanges some Sri Lanka rupees at a currency counter.

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

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