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    What is the currency of Maldives?

    +1  Views: 1332 Answers: 3 Posted: 8 years ago

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    Maldives currency is called Rufiyaa [Rf], which is divided into 100 Larees.

    Maldives currency is called Rufiyaa [Rf], which is divided into 100 Larees. Maldives Rufiyaa comes in different denominations of notes and coins. The notes come in denominations of 2, 5, 10, 20, 50, 100 and 500 while the coins are available in denominations of 1, 2, 5, 10, 25 and 50 Larees.

    The Maldivian unit of currency is the rufiyaa (ISO 4217 code MVR, symbol Rf.), introduced in 1981. The rufiyaa is divided into 100 laari. On 1 February 2009, the exchange rate with the US dollar was USD1.00 = MVR12.80. On 10 April 2011, the Government announced a limited float of the currency within a band of 20% from the previous exchange rate of 12.80. Due to short supply of US Dollars, the official rate quoted by all banks as on 10 May stands as follows: Buy Rate USD 1.00 = MVR 14.42; Sell Rate USD 1.00 = MVR 15.42. 


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    http://en.wikipedia.org/wiki/Currency_of_Maldives



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