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A Commemorative Coin to Mark the 75th Anniversary of Sri Lanka Signal Corps

The Central Bank of Sri Lanka (CBSL) issued a circulation standard commemorative coin with the face value of Rs. 10 to mark the 75th Anniversary of Sri Lanka Signal Corps and to give due recognition for its service to the country over a period of 75 years. The first coin was officially presented to the Hon. Prime Minister and Minister of Finance & Economic Affairs, Mahinda Rajapaksa by Dr. Indrajit Coomaraswamy, Governor of CBSL on 27 November 2018.

The coin will be issued into circulation through licensed commercial banks and can be used for payments along with existing other currency notes and coins in circulation.

Issuance of a New Circulation Standard Coin Series

The Central Bank of Sri Lanka (CBSL) issued a new series of circulation coins with face value of Rs.10, Rs.5, Rs.2 and Re.1 with objectives of reducing the cost of coins minting, increasing the durability of coins, giving more portability and identifying easily by visually impaired people. The first coins pack was officially presented to the Hon. Prime Minister and Minister of Finance and Economic Affairs, Mahinda Rajapakse by Dr. Indrajit Coomaraswamy, Governor of CBSL on 27 November 2018.

The coins will be issued into circulation from 03 December 2018 through licensed commercial banks. These new coins are circulated along with the existing coins of the same denominations issued earlier.

Inflation in October 2018

Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100) continued to decline for the third consecutive month, recording 0.1 per cent in October 2018, the lowest since January 2016. The deceleration observed in year-on-year inflation in October 2018 is mainly driven by the higher base prevailed during the corresponding month of the previous year due to higher food prices. Year-on-year Food inflation dropped for the third consecutive month and recorded -6.6 per cent in October 2018. However, year-on-year Non-food inflation continued to increase and reached 5.8 per cent during the month.

The change in the NCPI measured on an annual average basis decreased to 3.3 per cent in October 2018 from 4.0 per cent in September 2018.

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