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* Sri Lanka issues new series of currency notes
Fri, Feb 4, 2011, 09:35 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 04, Colombo: The Central Bank of Sri Lanka (CBSL) issued a series of new currency notes with the highest denomination of the history for circulation today.

The Governor of the Central Bank Ajith Nivard Cabraal ceremonially issued he first set of currency notes under the new series to the President Mahinda Rajapaksa at the Deyata Kirula Exhibition in Buttala today.

The highest of the series, Rs. 5000 currency note is in circulation from today along with five other denominations of Rs. 1000, 500, 100, 50 and 20.

The 11th series of currency notes are issued on the theme 'Development, Prosperity and Sri Lanka Dancers'. The CBSL introduced the existing note series in 1991.

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 Central Bank noted in a statement.

The main difference between the existing series and the new series, according to CBSL, 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 notes contain several current and new advanced security features including watermarks, security threads and extra small text.

The new notes will be issued to the public through commercial banks from Monday, February 7.

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