Central Banking

Sri Lanka seeks return of money offered at Indian shrines

Pilgrims have cast 20 tonnes of Sri Lankan coins at holy shrines in neighbouring India

srilanka

The Central Bank of Sri Lanka has launched a bid to repatriate 20 tonnes of local currency coins offered by Sri Lankan pilgrims at Buddhist shrines in India.

The custom causes an unspecified amount of low-denomination coins to be withdrawn from circulation each year, forcing the Sri Lankan central bank to spend money minting new ones.

While the central bank would not disclose the costs imposed by the additional minting of coins or estimate how much money has been lost at places of religious

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.