Maldivian Rufiyaa

Maldivian Rufiyaa

The rufiyaa (Dhivehi: ދިވެހި ރުފިޔާ) is the currency of the Maldives. Determining the rate for the US Dollar and the issuance of the currency is controlled by the Maldives Monetary Authority (MMA). The most commonly used symbols for the rufiyaa are MRF and Rf. The ISO 4217 code for Maldivian rufiyaa is MVR. The rufiyaa is subdivided into 100 laari. The name "rufiyaa" is derived from the Hindi word rupiyaa (रुपया), ultimately from Sanskrit rupya (रूप्य; wrought silver). The midpoint of exchange rate is 12.85 Rufiyaa and the rate is permitted to fluctuate within the ± 20% band, i.e. between 10.28 Rufiyaa and 15.42 Rufiyaa

Read more about Maldivian Rufiyaa:  History, Coins, Banknotes

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Maldivian Rufiyaa - Banknotes
... In 1945, the People's Majlis (Parliament) passed bill number 2/66 on the "Maldivian Bank Note" ... Under this law, notes for ½, 1, 2, 5 and 10 rufiyaa were printed and put into circulation on 5 September 1948 ... In 1951, 50 and 100 rufiyaa notes were introduced ...