CURRENCY IN SRI LANKA

 

                               CURRENCY IN SRI LANKA

Sri Lanka is a country with a long history and a similarly long and rich economic history. A study of that history will doubtlessly prove fruitful not only for economists but for everyone in the society. Coins used through different time periods of a country play an important role when studying the history of that country. Although small in size, a coin has the ability of giving a wealth of information about the economic and cultural history of the country where it was used, through signs that remain on them.
Sri Lanka’s currency-use can be divided into following periods.
  1.  Anuradhapura Era
  2. Polonnaruwa to Kotte Era
  3. Kandy Era
  4. Colonial Era
  5. Post-Independence Period since Establishment of the Central Bank of Ceylon.

Anuradhapura Era

Coins used in Anuradhapura Era.

  • Kahapana
  •  Swastika coins
  •  Maneless Lion coins 
  •  Lakshmi Plaques 
  • Kahavanu or Lankeshvara coins
  •   Foreign Coins      

   Coins used in Polonnaruwa to Kotte Era

  • Massa Coins
  • Dambadeni Coins / Coins of the Middle Ages
  • Lion Coins
  • Cetu Coins                                                             

Dambadeni Coins / Coins of the Middle Ages

The names of the Kings in the Coins are:
Vijayabahu III 
Parakramabahu II 
Buwanekabahu I

Coins used in Kandy Era

Angutu Massa/Koku Coins/ Laarin
Dambadeni kasi
Salli
Indian ‘Waragama’
Tuttu
Panama
Tangama

  


Comments

Post a Comment

Popular posts from this blog

financial intermediary is an institution or individual that serves as a middleman among diverse parties in order to facilitate financial transactions. Common types include commercial banks, investment banks, stockbrokers, pooled investment funds, and stock exchanges. Financial intermediaries reallocate otherwise uninvest capital to productive enterprises through a variety of debt, equity, or hybrid stockholding structures. Through the process of financial intermediation, certain asset or liabilities are transformed into different assets or liabilities.  As such, financial intermediaries channel funds from people who have surplus capital (savers) to those who require liquid funds to carry out a desired activity (investors) Benefits of financial intermediaries Through a financial intermediary, savers can pool their funds, enabling them to make large investments, which in turn benefits the entity in which they are investing. At the same time, financial intermediaries pool risk ...
Read more

history of banking sysytem in sri Lanka

Image
The Bank's Beginning To accommodate dynamic economic and financial system developments upon gaining independence in 1948, the post-independence Government of Ceylon (as Sri Lanka was then known) established the Central Bank of Ceylon to maintain an active monetary policy regime and a dynamic financial sector to support and promote economic growth. Prior to the establishment of the Central Bank, the Currency Board System set up under the Paper Currency Ordinance No.32 of 1884 functioned as the country’s Monetary Authority, though very narrow in its capacity. This system was deemed inadequate for a developing country upon gaining political independence.    Technical expertise to establish a central bank was sought from the United States of America (USA) in July 1948, with Mr. John Exter, an American economist from the Federal Reserve of USA being appointed to carry out this task.  The Exter Report on the rationale and the legal framework for a...
Read more