LKR information
About Sri Lankan Rupee (LKR)
The Sri Lankan Rupee (LKR), established in 1885, is more than just the monetary unit of Sri Lanka; it represents the nation's rich cultural heritage and its evolving economic landscape. It is commonly abbreviated as LKR and represented by the symbol Rs. As a key player in Sri Lanka's economic activities, the Rupee has witnessed the country's journey from a colonial past to an independent nation striving for economic growth and stability.
Historical Background
The introduction of the Sri Lankan Rupee marked a significant shift from the British Indian Rupee, aligning with Sri Lanka's (then Ceylon) transition towards economic self-sufficiency. This change was part of the broader colonial policy but later became a symbol of national identity after Sri Lanka gained independence in 1948.
Design and Symbolism
The design of the Sri Lankan Rupee is a vivid reflection of the country's diverse flora and fauna, historical landmarks, and figures who have shaped its history. The notes and coins feature images of ancient kings, renowned figures, native wildlife, and significant cultural and natural sites. These elements are not just decorative; they are imbued with the nation's story and pride.
Economic Role
The Rupee plays a central role in Sri Lanka’s economy, which is characterized by its tea, rubber, and coconut exports, along with a growing tourism industry and remittances from overseas workers. As the primary medium of exchange, it facilitates trade and transactions within these sectors, underpinning the country's economic activity.
Monetary Policy and Inflation
Managed by the Central Bank of Sri Lanka, the Rupee has faced challenges including inflation and depreciation, particularly in times of political and economic instability. The bank’s monetary policies aim to stabilize the currency, which is crucial for maintaining economic confidence and attracting foreign investment.
International Trade and the Sri Lankan Rupee
The value of the Rupee is significant in international trade, particularly for Sri Lanka's exports like textiles and tea. A stable Rupee is important for maintaining competitive export prices and attracting foreign direct investment.
Remittances and Economic Impact
Remittances from the Sri Lankan diaspora, especially from the Middle East and Europe, are a significant source of foreign income. These remittances, converted into Rupees, play a substantial role in supporting families and contributing to the national economy.
DMD to LKR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | Rs0.03033 | 0.0200% / 0.0320%VIP 7 |
How to buy Dark Matter DeFi
Buy DMD (or USDT) for LKR (Sri Lankan Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell DMD (or USDT) for LKR (Sri Lankan Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Dark Matter DeFi to Sri Lankan Rupee?
Dark Matter DeFi to Sri Lankan Rupee is falling this week.Conversion tables
The exchange rate of Dark Matter DeFi is decreasing.DMD to LKR
LKR to DMD
Today vs. 24 hours ago
Amount | 10:34 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 DMD | $0.{4}5189 | $0.{4}5302 | -1.38% |
1 DMD | $0.0001038 | $0.0001060 | -1.38% |
5 DMD | $0.0005189 | $0.0005302 | -1.38% |
10 DMD | $0.001038 | $0.001060 | -1.38% |
50 DMD | $0.005189 | $0.005302 | -1.38% |
100 DMD | $0.01038 | $0.01060 | -1.38% |
500 DMD | $0.05189 | $0.05302 | -1.38% |
1000 DMD | $0.1038 | $0.1060 | -1.38% |
Today vs. 1 month ago
Amount | 10:34 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 DMD | $0.{4}5189 | $0.{4}7145 | -19.55% |
1 DMD | $0.0001038 | $0.0001429 | -19.55% |
5 DMD | $0.0005189 | $0.0007145 | -19.55% |
10 DMD | $0.001038 | $0.001429 | -19.55% |
50 DMD | $0.005189 | $0.007145 | -19.55% |
100 DMD | $0.01038 | $0.01429 | -19.55% |
500 DMD | $0.05189 | $0.07145 | -19.55% |
1000 DMD | $0.1038 | $0.1429 | -19.55% |
Today vs. 1 year ago
Amount | 10:34 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 DMD | $0.{4}5189 | $0.0008720 | -87.74% |
1 DMD | $0.0001038 | $0.001744 | -87.74% |
5 DMD | $0.0005189 | $0.008720 | -87.74% |
10 DMD | $0.001038 | $0.01744 | -87.74% |
50 DMD | $0.005189 | $0.08720 | -87.74% |
100 DMD | $0.01038 | $0.1744 | -87.74% |
500 DMD | $0.05189 | $0.8720 | -87.74% |
1000 DMD | $0.1038 | $1.74 | -87.74% |
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