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13 4/1 Vihara Road Mount Lavinia 29th April 2008 Superintendent of Currency Currency Department Central Bank of Sri Lanka No 30 Janadhipathi Mawatha Colombo 1 Declaration by the Designer/Artist Competition for designing a New Series of Currency Notes for Sri Lanka Name: Dr Kavan U. Ratnatunga Address: 13 4/1 Vihara Road NIC No: 52 278 2343V Mount Lavinia I herewith submit six (6) designs for the above competition and hereby declare that: (a) The attached designs submitted by me are my original creations (b) I agree to hand over all right of the attached designs to the Central Bank of Sri Lanka (c) I agree that the Central Bank may change my design or part there of to suit its requirements in the finalization of the design. (d) I am aware that no payment is due to me unless my design is selected, and therefore I shall not claim any sum for expenses or fees if my design is not selected. Yours Sincerely Dr Kavan Ratnatunga Added comments: Lanka has an ancient numismatic history. I am suggesting the use of Ancient coins of Lanka both obverse and reverse on the new series of currency notes, with other images in historical context. If my proposal is chosen this would probably be the first series of currency notes in the world to adopt such a numismatic theme. It will display the rich monetary heritage of Lanka, more ancient, than in most of the Industrial nations of the first world. The 1979 set of Sri Lankan Currency of Flora and Fauna with indigenous Birds animals and plants in Lanka is a very popular Series. It has most of features which makes them very collectible. Since they were issued only in one year, and that has also added to their numismatic value. The designs that I am submitting are to only illustrate the concept. They would clearly need to be redrawn by an expert in currency design, which I am not. It is important to ensure that the new series have some similarity with the old to ensure easy recognition. I have therefore superimposed images of real ancient coins from Lanka on scan of the current series currency. Although I have used real coin images, it is probably best if the coins are redrawn to illustrate the detailed symbolism which is often unclear in an single coin, and gathered from many coins of the same type. Since 1981 there have been 3 different series, with the last series being introduced in 1991. Practically all of the currency in circulation is from the last series. However, in all 3 series the primary color of the currency note for each denomination has been kept unchanged and this must also be the case for the proposed as well as any future currency series. Rs 20 - Mauve Rs 50 - Blue Rs100 - orange Rs500 - Brown Rs1000 - Green Rs2000 - Brown The Rs2000/- although much larger than the Rs500/-, since they both have a similar primary color, I am told by many to have been confused in transactions particularly at night. I suggest that the Rs2000/- note be more Yellow to differentiate from the Rs500/- The size of the currency note of each denomination has became gradually smaller and that does not seem to have created any confusion among the public. The largest note should not be larger than the current 2000/- rupee notes which hardly fits inside a standard wallet. Although not listed in this call for design, the series would need to make provision for a Rs5000/- and Rs10,000/- notes. The Rs500/- and Rs1000/- were issued in 1981 and at the 50 year averaged annual rate of 11% depreciation of the Sri Lanka currency, Rs500 in 1981 had the same purchase value of Rs5000/- in 2003. The Rs5000/- and Rs10,000/- notes are 5 years over due. The note sizes in this series needs to become smaller to make future provision for Rs5000/- and Rs10000/- . The Rs20/- and Rs50/- are similarly over due to become coins. The Rs200/- note only issued as a polymer note, which has been now discontinued, is a denomination that is missing in the proposed series. It should be considered in the future, and provision made for it in the series of adopted sizes. The Rs200/- denomination was not popular, only because the public did not like to handle a polymer note for various reasons.
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