AED to LKR

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

• The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
• Natural gas and petroleum exports play an important role in the economy.
• The service sector is also an important source of income.
• Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
• The United Arab Emirates is part of the World Trade Organization.
• Imports are machinery, manufactured goods, and transport equipment.
• In 2009, 85% of exports were natural resources.
• The United Arab Emirates has the fastest-growing economy in the world.

History

• The original currency in the United Arab Emirates was the Bahraini Dinar.
• Before 1966 the United Arab Emirates used the Gulf Rupee.
• The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
• From 1973 to 1982 the United Arab Emirates issued the Dirham.
• In 1976 the United Arab Emirates minted commemorative coins.
• In the late 1980s a fixed rate was established between the Dirham and the USD.
• 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
• In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)

LKR - Sri Lankan Rupee (Sr)

The Sri Lankan rupee is the currency of Sri Lanka. It is symbolised by ‘Rs’, රු in Sinhalese, and ரூ in Tamil. The currency code is LKR. The Sri Lankan rupee has 6 significant conversion factor digits. It is considered fiat money. The most popular rupee exchange is with the US dollar.

The Sri Lanka Rupee is the unit of currency used in Sri Lanka, symbolized by Rs., or SLRs to distinguish it from other Rupees. The Rupee is sub-divided into 100 cents.

The Sri Lankan Rupee is the currency in Sri Lanka (LK, LKA). The symbol for LKR can be written Rs, , SLRs, and SL. The Sri Lankan Rupee is divided into 100 cents. The exchange rate for the Sri Lankan Rupee was last updated on January 31, 2019 from The International Monetary Fund. The LKR conversion factor has 6 significant digits.

Economy

• According to the International Monetary Fund, Sri Lanka’s GDP was estimated at US$50 billion in 2010 (US$106.5 billion in terms of purchasing power parity). The Sri Lanka GDP experienced growth of 8.2% in 2010 and is estimated to grow by 9.5% in 2011, making it one of the fastest growing economies in the world.
• Sri Lanka is next only to the Maldives in the South Asia region in terms of income per capita, with a nominal value of US$2,435.
• Colombo Stock Exchange was the best performing stock market in Asia in 2009 and 2010, nearly three times its value during that time.

History

• The British Pound became Ceylon's official currency in 1825, replacing the rixdollar Ceylon, at a rate of 1 Pound = 13 ⅓ Rixdollars, and British silver coins became legal tender.
• The Indian Rupee was made Ceylon's standard coin 26 September 1836 as Ceylon retuned to the Indian currency area, though pound-denominated Treasury bonds continued to circulate from 1836, with the Rupee.
• The Bank of Ceylon commenced issuing banknotes in Sri Lanka in 1844, replacing the existing Treasury notes in 1856.
• The Rupee was established as unlimited legal tender for Ceylon in 1869, and became the sole legal tender for Ceylon in 1872.
• Ceylon gained independence in 1948, and introduced the new Central Bank of Ceylon in 1950.
• In 1972, Ceylon was renamed Sri Lanka, and the rupee took on the Sri Lanka rupee nomenclature.
• Several series of banknotes have been released in the past 100 years, with the most recent in 2011. On February 4, 2011, the Central Bank of Sri Lanka (CBSL) issued 11th series of Sri Lanka rupee notes, consisting of six denominations.

More information about LKR - Sri Lankan Rupee (Sr)