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Thursday, February 10, 2011

Central Bank issues new currency notes


Press Release from Central Bank

Issue of a New Series of Currency Notes by the Central Bank of Sri Lanka

            The Central Bank of Sri Lanka (CBSL) will issue, for circulation, a new series of currency notes on the theme "Development, Prosperity and Sri Lanka Dancers" on 4th February 2011. This is the 11th series of currency notes of the Central Bank to be issued since its establishment in 1950. The existing note series which was the 10th series of circulation notes, was introduced by the CBSL in 1991, over 20 years ago.  The new series consists of six denominations i.e. Rs. 5,000, Rs. 1,000, Rs. 500, Rs. 100, Rs. 50 and Rs. 20. The high value Rs. 5000 note is being introduced to facilitate expansion in transactions that has taken place with the growth of the economy.
The main difference between the existing series and the new series is the size of the notes. The width of all notes in the new series is the same for all denominations, while the length increases by 5 mm from the lowest denomination to the highest.
The main features of the notes are as follows:

Denomination
Size
Predominant colour
Rs.    20
128 x 67 mm
Maroon
Rs.    50
133 x 67 mm
Blue
Rs.  100
138 x 67 mm
Orange
Rs.  500
143 x 67 mm
Purple
Rs. 1000
148 x 67 mm
Green
Rs. 5000
153 x 67 mm
Gold

The notes carry the signatures in facsimile of the Hon. Minister of Finance, His Excellency the President Mahinda Rajapaksa and the Governor of the Central Bank, Mr. Ajith Nivard Cabraal. The date on the notes is 01.01.2010.
Rs 20 note
            The front of the note depicts an artist's impression of a recent view of the Port of Colombo and an early view of the Port is in the background. The bird Sri Lanka Serendib Scops Owl appears to the right side of the note and on the lower left side of the note the butterfly,  the Baronet appears.
            When viewed vertically, on the back of the note at the centre, a Ves dancer and a Geta Bera drummer are depicted.  A guard stone with a Punkalasa (pot of plenty) which is a symbol of prosperity is on the right of the note. A stylized floral motif, Liya Vela appears along the right side of the note.
Rs 50 note
            The front of the note depicts an artist's impression of the newly constructed bridge at Manampitiya alongside the old bridge common to both road vehicles and trains. An ancient railway arch bridge in Sri Lanka appears in the background. To the right side of the note depicts the bird, Sri Lanka Dull Blue Flycatcher and the butterfly, the Blue Oakleaf   appears on the lower left side of the note.
            When viewed vertically, on the back of the note at the centre, a Vadiga Patuna dancer and a Yak Bera drummer appear. To the top right of the note appears  a Punkalasa Guard Stone and a Liya Vela appears along the right side of the note.
Rs 100 note

            The front of the note depicts an artist's impression of the Norochcholai Coal Power Plant Project and the Laxapana waterfall with power cables surrounding it in the background. The bird, Sri Lanka Orange Billed Babbler appears on the right side and the butterfly, the Autumn Leaf appears on the  lower left side.

            When viewed verticallyon the back of the note, a Bharatanatyam dancer and a Mridangam drummer are depicted at the centre. A Naga Guard Stone appears to the top right of the note and a double floral design called a Dvithva Liya Vela appears along the right side of the note.


Rs 500 note
The front of the note depicts an artist's impression of the World Trade Centre and Bank of Ceylon Headquarters in the city of Colombo and the ancient Buddhist temple Lankathilaka Viharaya at Kandy in the background. The bird Sri Lanka Emerald Collared Parakeet (Layard's Parakeet) depicts on the right side of the note and on the lower left side appears the butterfly, the Ceylon Indigo Royal.  
            When viewed vertically, on the back of the note, a Thelme dancer and a Yak Bera drummer are depicted. On the top right of the note appears a Padmanidhi guard stone and a Dvithva Liya Vela appears along the right side of the note.

Rs 1000 note
                 On the front of the note, depicts an artist's impression of the newly constructed Ramboda Tunnel with the rock wall at the same location before construction, in the background. The bird Sri Lanka Hanging Parrot is depicted to the right side of the note and the butterfly, the White Four Ring appears to the lower left side.
                 When viewed vertically, on the back of the note, a Malpadaya dancer and a Dawul Bera drummer are depicted. On the top right a guard stone with guardian deities appears and a Dvithva Liya Vela appears along the right side of the note.
Rs 5000 note
            On the front of the note depicts an artist's impression of the Weheragala Dam. The Canyon Dam appears in the background. The bird,  Sri Lanka Yellow Eared Bulbul is depicted on the right side of the note and the butterfly, the Lemon Migrant appears on the left side of the note.
            When viewed vertically, on the back of the note, a Nagaraksha dancer and a Guruluraksha dancer appear. The Rathnaprasadaya guard stone appears to the top right of the note and the Kalpavrksha floral design appears along the right side of the note.
     
The notes contain several current and new advanced security features as follows:
Watermark

Each currency note depicts a different bird as the watermark, which is the same bird portrayed on the note.  In addition, the value in numerals appears vertically as a highlighted watermark.

Security thread
The security thread in Rs. 20, Rs. 50 and Rs. 100 is a thin polyester thread embedded in to the note with the letters CBSL and the denomination, while a Starchrome ® security thread which changes colour from red to green is included in Rs.5000, Rs.1000 and Rs.500  with the width of  3mm, 2.5 mm and 2 mm, respectively.

Cornerstone ®
Cornerstone® watermark appears in the form of diagonal bars at each corner of every currency note.
See through
When the note is held up to the light, the numeral value of each note on the front (near the butterfly) comes together in perfect register with the reverse, on the back of the note.


Extra small text
When viewed closely below the butterfly, an area of text reading "CBSL" and the numeral value can be seen in all the notes.

Blind recognition feature
A vertical order of heavily printed dots (with one dot for Rs. 20 note) progressing according to denomination appears on the left side of the note to help the visually impaired to recognize the denomination.

Raised print area
A raised printed area with greater tactility is noticed in several places on the notes. e.g. On the front of the note – the Bank title, the central images, the value at  the bottom edge of the note and on the back of the note - the value at the bottom in numerals.


The first set of currency notes under the new series will be ceremonially issued to H E the President Mahinda Rajapaksa at the Deyata Kirula Exhibition in Buttala on 4th February 2011 by the Governor of the Central Bank Mr. Ajith Nivard Cabraal and to the public from 4th to 10th  February 2011 at the exhibition site. The new notes will be issued to the public through commercial banks from Monday, 7th February 2011.


The following collector items will also be sold to the public at the Central Bank  Head Office Cash Counter, Money Museum at Rajagiriya  from 7th February 2011 and CBSL Provincial Offices from 14th February, 2011.

The selling prices are as follows:

                        Description                                                       Selling Price

Folder containing all six denominations                            Rs. 7,500.00
Folder containing Rs.5000 note                                       Rs. 5,500.00
Folder containing Rs.1000 note                                       Rs. 1,250.00
Folder containing Rs.  500 note                                       Rs.    750.00
Folder containing Rs.  100 note                                       Rs.    250.00
Folder containing Rs.    50 note                                      Rs.    200.00
Folder containing Rs.    20 note                                      Rs.    150.00
Uncut currency sheet of Rs 100 with 40 notes                 Rs. 7,000.00
            CD containing features of new notes                              Rs.    400.00


These new notes will be legal tender in Sri Lanka for the payment of any amount and will be a liability of the Central Bank of Sri Lanka whilst in circulation. The currency notes that already have been issued by the Central Bank of Sri Lanka and are in circulation will continue to be legal tender for the payment of any amount within Sri Lanka.










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