The Central Bank of Sri Lanka has begun issuing a new series of circulation coins with the aim of reducing the cost of minting.
The new circulation coins dated “2017” continue to use the same denominations of RS.10, RS.5, RS.2 and RS.1.
The new coins have been designed to increase durability in circulation, effectively reducing their minting costs, as well as their portability. Each denomination has been designed with the aim of being easier to identify for visually impaired people through variations in coin edging.
All coins are made of stainless steel which, says the Central Bank, is less expensive than other metals and more durable plated coins.
The diameter of each coin differs between denominations ranging from 20mm to 26.4mm, whilst the thickness of the two lower value denominations are 1.75mm with the remaining being 1.80mm. The new sizing makes each coin lighter in weight than the previous coin series.
Read the Central Bank of Sri Lanka press release.