Sri Lanka to issue coin to replace note

(From left) Dharmasri Kumaratunga, Director - Payments and Settlements, Central Bank; Nanda Fernando, Managing Director, Sampath Bank; and Tharaka Ranwala, Head of Operations and Group Chief Marketing Officer, Sampath Bank

Apr 05, 2010 (LBO) – Sri Lanka will issue a new ten rupee coin from April 05, to replace a note of a similar denomination now in circulation, the Central Bank said Monday. The nickel plated coin has a diameter of 26.4 millimetres.

The obverse has the armorial ensign of Sri Lanka with a petal design on periphery. The reverse has a number 10, ten rupees and Sri Lanka in English, Sinhalese and Tamil languages.

The new coin would be handed over to Sri Lanka’s president Mahinda Rajapaksa by central bank governor Nivard Cabraal Monday, the bank said in an advertisement.

A bi-metallic 10 rupee coins is already circulating in Sri Lanka. The ten rupee note is the smallest note that is regularly printed in Sri Lanka. A few older five and two rupee notes are also in circulation.