Maldivian Rufiyaa (MVR) Profile | Currency Converter

Currency name

Maldivian rufiyaa MVR converter to world currencies »

Currency code

MVR

Currency symbol

Rf, MRf, MVR, .ރ or /-

Subunit

1/100, laari

Coins freq used

1 rufiyaa, 2 rufiyaa, 1 laari, 5 laari, 10 laari, 25 laari, 50 laari

Coins rarely used

Banknotes freq used

5 rufiyaa, 10 rufiyaa, 20 rufiyaa, 50 rufiyaa, 100 rufiyaa, 500 rufiyaa

Banknotes rarely used

Central bank

Maldives Monetary Authority (www.mma.gov.mv)

Currency users

Maldives

Currency notes

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Users:

The Maldivian Rufiyaa (MVR) is the official currency of the Maldives. It is the legal tender used for all transactions within the country.

History:

The Maldivian Rufiyaa was first introduced in 1981, replacing the Maldivian Rupee, following the establishment of the Republic of Maldives.

Before the Rufiyaa, various currencies were used in the Maldives, including the Indian Rupee and the Ceylonese Rupee during the British colonial period.

Coins and Banknotes:

The Maldivian Rufiyaa is subdivided into 100 laari.

Coins:

Coins currently in circulation are 1, 2, 5, 10, 25, and 50 laari, as well as 1 and 2 Rufiyaa.

Banknotes:

The most commonly used banknotes are 5, 10, 20, 50, 100, 500, and 1000 Rufiyaa.

Each banknote typically features important cultural, historical symbols, and natural landmarks of the Maldives.