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The SL Navy was established under the 'Navy Act' on 9th December 1950. Foreign Minister Lakshman Kadirgamar who graced the occasion as the chief guest honoured a group of Navy personnel present by awarding a 'Sri Lanka Navy Gold Jubilee Medal'. The Post and Telecommunication Minister issued a commemorative stamp and a first day cover to mark the occasion. The Central Bank of Sri Lanka also issued a separate one-rupee coin to mark the 50th anniversary of the Sri Lanka Navy. The one rupee coin weighing 7.13 grammes depict the Navy insignia on one side and a modern ship of the SLN on the other.
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