Plastic Money

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

Central Bank
quote s Superintendent Currency, Chitra Ariyaratne confirmed that the Rs. 200.00 was being systematically removed from circulation due to its failure to stick to people
quote s pockets. rn

rnThe Central Bank printed 20 million notes in 1998 to celebrate 50 years of independence endash introducing Sri Lanka to its first Rs. 200 denomination and paper money printed on a polymer sheet. rn

rnAccustomed to the 100 per cent cotton paper currency, bankers, business and consumers took to hating the new polymer note for its plastic appeal, its lack of texture and its low heat resistance. rn

rnWhat the Central Bank thought would be a great success was a sad flop, erasing future plans to issue other denominations in polymer.rn

rnAriyaratne says the Rs. 200.00 note would be discontinued, instead the bank will supplement the shortfall with Rs. 100.00 and Rs. 500.00 denominations. rn

rnThe artwork for the commemorative issue was done by Ananda Somathilake and Gamini Mendis under the direction of Alb

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