Two vendors at the Colombo coconut market said that with imports about to enter the Indian Ocean island, prices were already beginning to fall.
News of the currency changeover plans coincided with a visit to the Indian Ocean island by Horst Koehler, managing director of the International Monetary Fund.
In December 2001, a B-1 crashed while returning from a bombing run over Afghanistan to a British base on the Indian Ocean island of Diego Garcia.
It is a measure of the stability of this Indian Ocean island, far off Africa's east coast, that all this has been in the offing since an election in 2000.
For three decades after African countries threw off their colonial shackles, not a single one (bar the Indian Ocean island of Mauritius) peacefully ousted a government or president at the ballot box.
The only other African country where a democratically elected government has been turned out in an election is Mauritius which, like Madagascar, is an Indian Ocean island and African by location rather than culture.
Chiefs beat US Transfoot of Madagascar 4-0 in the first leg in Johannesburg but did not travel for the return match, saying they were unable to secure a flight to the Indian Ocean island.
She was doused with water when she visited the Indian Ocean island of Reunion, a French overseas territory whose citizens come from a racially mixed background where many view the extreme right as the real threat.
Among those believed by the U.S. government to be responsible for the embassy bombings was Fazul Abdullah Mohammed, a native of the Indian Ocean island nation of Comoros who had moved to Kenya in the mid-1990s and married a local woman.
Easily accessible by subway, the 7, 500-seat MCU Park overlooks the Atlantic Ocean and Coney Island amusement park.
The July 17 crash into the Atlantic Ocean off Long Island, New York, killed all 230 people aboard.
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The Cessna-185F floatplane nose-dived into the ocean near Vancouver Island in May 2010.
We see the Pacific Ocean and Catalina Island off to the right, downtown Los Angeles to the left and everything else in between.
But since thousands of kilometers of open ocean separate the island nation from mainland Europe, sharing those clean energy resources has so far been impossible.
Separation is the new reality for the Gatti family, a clan of several generations that shared the same three-story home near the ocean on Staten Island until Sandy destroyed it.
Later, I went on my laptop, logged on to Google Earth, found Madagascar, and was able to visually travel across the ocean from that island country to Cape Town by slowly spinning the globe with a click-and-drag.
The jetliner exploded shortly after takeoff from New York's Kennedy Airport and fell into the Atlantic Ocean just off Long Island.
The thrilling nature of Bradley's victory at the Atlanta Athletic Club propelled him into the limelight, and he heads for Kiawah Island's Ocean Course with experience in three more majors under his belt.
More than 40 percent of foreign direct investment in India comes through this tiny island in the Indian Ocean.
In January 1977, in company with Ethel Johnson Meyers, he went round 112 Ocean Avenue in Amityville, Long Island.
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Three men have been charged with the murder of a Kent teacher on an island in the Indian Ocean in 2011.
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They are chemical variants of an antibiotic called rapamycin, which Wyeth researchers found in soil samples from Easter Island in the Pacific Ocean in the late 1960s.
Her first novel, "Attachment, " published in 2008, probed the poignant and sometimes comedic world of aging, intimacy and deceit between a long-married media couple across England, America and an imaginary island in the Indian Ocean.
Britain has also helped with air-to-air refuelling, thus extending the effective range of America's carrier-based bombers, and agreed to the use of Diego Garcia, a British island in the Indian Ocean, as a base for heavy bombers.
Roughly 30 miles off the coast of Honshu Island in the Pacific Ocean, the Nankai Trough holds an estimated 40 trillion cubic feet of gas hydrates and has received the largest investment and advanced field research of any project in the world.
In addition to winning multiple swimming marathons, she was one of the first women to encircle the island of Manhattan, and she holds the world's record for longest ocean swim -- 102.5 miles from the island of Bimini in the Bahamas to Jupiter, Florida.
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The New Zealand Sub-Antarctic Islands consist of five island groups (the Snares, Bounty Islands, Antipodes Islands, Auckland Islands and Campbell Island) in the Southern Ocean south-east of New Zealand.
"Taepodong shock" followed in 1998, when North Korea lobbed a ballistic missile over Honshu, the main Japanese island, and into the Pacific Ocean.
As the automobile and airplane sapped Rhode Island of its summer prominence, the Ocean House saw its fortunes slowly fade.
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