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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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