The banknotes of the Sri Lanka rupee are part of the physical form of Sri Lanka's currency. The issuance of the rupee banknotes began in 1895.
The Government of Ceylon introduced its first paper money in the form of the 5 rupee banknote in 1895. These were followed by 10 rupee notes in 1894, 1000 rupee notes in 1899, 50 rupee notes in 1914, 1 and 2 rupee notes in 1917 and 100 and 500 rupee notes in 1926. In 1942, emergency issues for 5, 10, 25 and 50 cents were introduced and issued until 1949.
In 1951, the Central Bank of Ceylon took over the issuance of paper money, introducing 1 and 10 rupee notes. These were followed in 1952 by 2, 5, 50 and 100 rupee notes. The 1 rupee notes were replaced by coins in 1963.
From 1977, banknotes were issued by the Central Bank of Sri Lanka. 20 rupees notes were introduced in 1979, followed by 500 and 1000 rupees in 1981, 200 rupees in 1998 and 2000 rupees in 2006. Sri Lankan banknotes are unusual in that they are printed vertically on the reverse. In 1998, a 200-rupee note was issued to commemorate the 50th anniversary of independence (1948–1998). This is the first polymer banknote issued in Sri Lanka, and it was printed by Note Printing Australia. All other denominations are printed by the De la Rue Lanka Currency and Securities Print (Pvt) Ltd, a joint venture of the Government of Sri Lanka and De La Rue, a printing company in the United Kingdom.