Central Banking

Sri Lanka seeks return of money offered at Indian shrines

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The custom causes an unspecified amount of low-denomination coins to be withdrawn from circulation each year, forcing the Sri Lankan central bank to spend money minting new ones.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

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