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Rufiyah

From Academic Kids

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First100rufiya.jpg
First ever 100 rufiyah. Issued in 1951
Missing image
100rufiya.jpg
100 rufiya currently in use now. First issued in 1983

The rufiyah or rufiyaa (MRF) is the currency of the Maldives. It is subdivided into 100 Laari.

The official exchange rate is US$1 to 12.85 MVR. Bank notes are available for denominations of (2), 5, 10, 20, 50, 100 and 500 rufiyah. The coins are 1, 2, 5, 10, 25 and 50 laari and 1 and 2 rufiyah.

Before the introduction of the rufiyah, copper coins, copper wire and cowrie shells were used as the currency.

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