Sri Lankan Rupee
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Sri Lankan Rupee
The Sri Lankan Rupee ( si, රුපියල්, ta, ரூபாய்; Currency symbol, symbol: Re and Rs (plural) in English, රු in Sinhala, ௹ in Tamil; ISO 4217, ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cent (currency), cents, but cents are rarely seen in circulation due to its low value. It is issued by the Central Bank of Sri Lanka. The abbreviation ''Re'' (singular) and ''Rs'' (plural) is generally used, the World Bank suggests SL Rs as a fully disambiguating abbreviation for distinction from other currencies named "rupee". History pound sterling, Sterling became Ceylon's official currency in 1825, replacing the Ceylonese rixdollar at a rate of £1Pound sterling,  stg = rixdollars, and British silver coin was made legal tender. Treasury notes denominated in sterling were issued in 1827, replacing the earlier rixdollar notes. Rixdollar notes not presented for exchange were demonetized in June 1831. The Indian rupee was made ...
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Consumer Price Index
A consumer price index (CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time. Overview A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index (i.e. adjust for the effect of inflation) the real value of wages, salaries, and pensions; to regulate prices; and to deflate monetary magnitudes to show changes in real values. In most c ...
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Penny
A penny is a coin ( pennies) or a unit of currency (pl. pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. Presently, it is the formal name of the British penny ( p) and the ''de facto'' name of the American one-cent coin (abbr. ¢) as well as the informal Irish designation of the 1 cent euro coin (abbr. c). It is the informal name of the cent unit of account in Canada, although one-cent coins are no longer minted there. The name is used in reference to various historical currencies, also derived from the Carolingian system, such as the French denier and the German pfennig. It may also be informally used to refer to any similar smallest-denomination coin, such as the euro cent or Chinese fen. The Carolingian penny was originally a 0.940-fine silver coin, weighing pound. It was adopted by Offa of Mercia and other English kings and remaine ...
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Sinhala Language
Sinhala ( ; , ''siṁhala'', ), sometimes called Sinhalese (), is an Indo-Aryan languages, Indo-Aryan language primarily spoken by the Sinhalese people of Sri Lanka, who make up the largest ethnic group on the island, numbering about 16 million. Sinhala is also spoken as the first language by other ethnic groups in Sri Lanka, totalling about 2 million people as of 2001. It is written using the Sinhala script, which is a Brahmic scripts, Brahmic script closely related to the Grantha script of South India. Sinhala is one of the official and national languages of Sri Lanka. Along with Pali, it played a major role in the development of Theravada, Theravada Buddhist literature. The early form of the Sinhala language, is attested as early as the 3rd century BCE. The language of these inscriptions with long vowels and aspirated consonants is a Prakrit similar to Magadhi, a regional associate of the Middle Indian Prakrits that has been used during the time of the Buddha. The closest ...
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King George VI
George VI (Albert Frederick Arthur George; 14 December 1895 – 6 February 1952) was King of the United Kingdom and the Dominions of the British Commonwealth from 11 December 1936 until his death in 1952. He was also the last Emperor of India from 1936 until the British Raj was dissolved in August 1947, and the first Head of the Commonwealth following the London Declaration of 1949. The future George VI was born in the reign of his great-grandmother Queen Victoria; he was named Albert at birth after his great-grandfather Albert, Prince Consort, and was known as "Bertie" to his family and close friends. His father ascended the throne as George V in 1910. As the second son of the king, Albert was not expected to inherit the throne. He spent his early life in the shadow of his elder brother, Prince Edward, the heir apparent. Albert attended naval college as a teenager and served in the Royal Navy and Royal Air Force during the First World War. In 1920, he was made Duke of Yo ...
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Queen Elizabeth II
Elizabeth II (Elizabeth Alexandra Mary; 21 April 1926 – 8 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until Death and state funeral of Elizabeth II, her death in 2022. She was queen regnant of List of sovereign states headed by Elizabeth II, 32 sovereign states during her lifetime, and was head of state of 15 realms at the time of her death. Her reign of 70 years and 214 days was the List of monarchs in Britain by length of reign, longest of any British monarch and the List of longest-reigning monarchs, longest verified reign of any female monarch in history. Elizabeth was born in Mayfair, London, as the first child of the Duke and Duchess of York (later King George VI and Queen Elizabeth The Queen Mother). Her father acceded to the throne in 1936 upon Abdication of Edward VIII, the abdication of his brother Edward VIII, making the ten-year-old Princess Elizabeth the heir presumptive. She was educated privat ...
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British Ceylon, 1 Cent 1870, Victoria
British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, the English language as spoken and written in the United Kingdom or, more broadly, throughout the British Isles * Celtic Britons, an ancient ethno-linguistic group * Brittonic languages, a branch of the Insular Celtic language family (formerly called British) ** Common Brittonic, an ancient language Other uses *''Brit(ish)'', a 2018 memoir by Afua Hirsch *People or things associated with: ** Great Britain, an island ** United Kingdom, a sovereign state ** Kingdom of Great Britain (1707–1800) ** United Kingdom of Great Britain and Ireland (1801–1922) See also * Terminology of the British Isles * Alternative names for the British * English (other) * Britannic (other) * British Isles * Brit (other) * Briton (d ...
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Coins Of British India
British trading posts in the Indian subcontinent were first established by the East India Company (EIC) early in the seventeenth century, which quickly evolved into larger colonies covering a significant part of the subcontinent. Early settlements or factories included Machilipatnam, Masulipatnam (1611) and Madras (1640) in the south, Surat (1612) in the west, and modern-day Kolkata (1698–99) in the east.Gupta, P. L. (1996). ''Coins'', New Delhi: National Book Trust, , pp.199–219. These colonies gave rise to Madras Presidency, Bombay Presidency, and Bengal Presidency, and each Presidency had a separate coinage and monetary system. In time, the EIC adopted a unified system of coinage throughout all British possessions in India and the older Presidency system was discontinued. After the Indian Rebellion of 1857, control of EIC territories passed to the British Crown.Fred Pridmore (1980). ''The Coins of the British Commonwealth of Nations (to the end of the reign of George VI, 195 ...
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Auditor General Of Sri Lanka
The Auditor General of Sri Lanka ( Sinhala: ශ්‍රී ලංකා විගණකාධිපති ''Śrī Laṃkā viganakādhipathi''; Tamil: இலங்கை கணக்காய்வாளர் தலைமை) is appointed by the President to aid accountability by conducting independent audits of government operations. These audits provide members of Parliament with objective information to help them examine the government's activities and hold it to account. According to the constitution, the Auditor General is empowered to audit the accounts of all departments of Government, the Offices of the Cabinet of Ministers, the Judicial Service Commission, the Public Service Commission, the Parliamentary Commissioner for Administration, the Secretary-General of Parliament and the Commissioner of Elections, local authorities, public corporations and business or other undertakings vested in the Government under any written law. The Auditor General of Sri Lanka is the head ...
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Treasurer Of Ceylon
The Financial Secretary of Ceylon was an officer of the Ceylonese Government and member of the Board of Ministers. The Treasurer of Ceylon was one of six offices that held a seat in the Executive Council of Ceylon from 1809 to 1932. The post was replaced by the that of Financial Secretary in 1932, as one of three officers of state of the new Board of Ministers that replaced the Executive Council under recommendations of the Donoughmore Commission The Donoughmore Commission (DC) was responsible for the creation of the Donoughmore Constitution in effect between 1931–47 in Ceylon (now called Sri Lanka). In 1931 there were approximately 12% Ceylonese Tamils, 12% Indian Tamils (migrant an .... The Financial Secretary was in turn replaced by the new office of the Ministry of Finance (Sri Lanka), Minister of Finance in 1947 under the recommendations of the Soulbury Commission under the Ceylon Independence Act, 1947 and The Ceylon (Constitution and Independence) Orders in Counci ...
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Colonial Secretary Of Ceylon
The Chief Secretary of Ceylon, was the Chairman and one of three officers of state of the Board of Ministers of the State Council of Ceylon from 1932 to 1947. The post succeeded that of ''Colonial Secretary'' which was one of six offices that held a seat in the Executive Council of Ceylon until 1932. The established under in 1932 by the Order in Council, following the recommendations of the Donoughmore Commission, vested the subjects of External Affairs, Defence and the Public Services of the Crown Colony of Ceylon under the Chief Secretary, who served as the Officer Administering the Government in the abases of the Governor. As such Chief Secretary was third in the order of precedence after the Governor of Ceylon and the Chief Justice. The Chief Secretary was assisted by a Deputy Chief Secretary and two Assistant Chief Secretaries. Appointments were made from senior officers of the Colonial Service. The post ceased to exist in 1947 with the formation of the Dominion of Ceyl ...
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Board Of Commissioners Of Currency Of Ceylon
The Board of Commissioners of Currency of Ceylon was the currency board of the British colony of Ceylon which functioned from 1884 to 1950, when its functions were transferred to the Monitory Board of the Central Bank of Ceylon. It was established under the ''Paper Currency Ordinance of 1884'' following the 1884 Ceylonese banking and monetary crisis. The currency board issued currency notes in exchange of Indian silver rupee, ensuring a 100% reserve, taking over the issuing of bank notes from the local exchange banks. The Board of Commissioners consisted of the Colonial Secretary of Ceylon, the Treasurer of Ceylon, and the Auditor-General of Ceylon. References {{British Ceylon period topics British Ceylon Currency Board In public finance, a currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchan ... 18 ...
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Currency Board
In public finance, a currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate target. In colonial administration, currency boards were popular because of the advantages of printing appropriate denominations for local conditions, and it also benefited the colony with the seigniorage revenue. However, after World War II many independent countries preferred to have central banks and independent currencies. Although a currency board is a common (and simple) way of maintaining a fixed exchange rate, it is not the only way. Countries often keep exchange rates within a narrow band by regulating balance of payments through various capital controls, or though international agreements, among other methods. Thus, a rough peg may be maintained without a currency board. Features of "orthodox" currency boards The ...
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