Sri Lanka rupee

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Noun1.Sri Lanka rupee - the basic unit of money in Sri LankaSri Lanka rupee - the basic unit of money in Sri Lanka; equal to 100 cents
cent - a fractional monetary unit of several countries
Sri Lankan monetary unit - monetary unit in Sri Lanka
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References in periodicals archive ?
At the end of January, the Sri Lanka rupee firmed up to 178- 178.50 levels against the USD.
The government would help the country's knitwear and other clothing manufacturers capture the international market without the GSP, he said: "Sri Lanka is quite capable of managing this situation." These actions include achieving a low level of inflation; trying to reduce input costs; establishing lower rates of interest, substantially reducing the cost of borrowing; and building up foreign reserves to historically high levels (they stand at USD6 billion), enhancing investor confidence, and ensuring stability in the Sri Lanka rupee exchange rate, to enhance export price predictability.
The foreign outflows have caused pressure on the Sri Lanka Rupee (LKR) with the currency sitting close to Rs180/US$.
During the year up to date, the Sri Lanka rupee has appreciated against the US dollar by 3.1 percent.
Sri Lanka Rupee is stubbornly refusing to come above the Rs.131 to a dollar level and the interest rates continue to edge up.
There is no argument that Currency Board System was an authority of a dependent economy, however, the system was able to maintain the stability of external value of Sri Lanka rupee to a certain extent compared to the weak current independent central banking authority, which is powerless when the currency is subject to decline in open market.

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