please define "LKR"
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Q: please define "LKR"

Category: glossary , Asked by: S. Bender from Cork, Ireland

A: The currency symbol for the Sri Lankan rupee (LKR), the currency for the Democratic Socialist Republic of Sri Lanka (Ceylon prior to 1972), an island nation off the southern coast of India. The Sri Lankan rupee is made up of 100 cents and is often presented with the symbol Rp. Or Rs, in the form Rp. 50 for 50 rupees. The rupee can also be presented with SLRp. Or SLRs, rather than Rp. Or Rs, to differentiate it from other currencies denominated in rupees. The Sri Lankan rupee was first established in 1869, replacing the British pound at an amount equal to the Indian rupee (1 rupee to 2 shillings, 3 pence), and was a decimal currency from 1871. As inflation devalues the currency, new banknotes are released (for example, in 2006 a 2000 rupee note was issued), and although older Sri Lankan (and Ceylon) banknotes and coins remain legal tender, older and smaller notes and coins are rarely seen in circulation. Visit Oanda

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    Category: general by Ethen S. From Canada

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    do you know what the "depreciation" is?

    Category: glossary by Rylan I. From United Kingdom

    a "depreciation " is 1. In accounting, an expense recorded to allocate a tangible asset's cost over its useful life. Because depreciation is a non-cash expense, it increases free cash flow while decreasing reported earnings. 2. A decrease in the value of a particular currency relative to other currencies. 1. Depreciation is used in accounting to try to match the expense of an asset to the income that the asset helps the company earn. For example, if a company buys a piece of equipment for $1 million and expects it to have an useful life of 10 years, it will be depreciated over 10 years. Every accounting year, the company will expense $100,000 (assuming straight-line depreciation), which will be matched with the money that the equipment helps to make each year. 2. Examples of currency depreciation are the infamous Russian ruble crisis in 1998, which saw the ruble lose 25% of its value in one day.

    what is "central register"?

    Category: glossary by Jaylynn Z. From Salzburg, Austria

    a "central register " is A computerised database of around 50,000 investment firms which have been authorised to conduct investment business. The Register, required under the Financial Services Act 1986, is maintained by the senior investment regulator, the Financial Services Aut

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