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Currency in the
Maldives
The Maldivian Rufiyaa is the official
currency of the Maldives. The current
exchange rate is US$1 = MRF 12.85 and
€1 = MRF 15.00. One Rufiyaa could
be divided into a hundred smaller units
known as Laari, the local version of cents.
The Rufiyaa comes in eight different denominations
of Five Hundred, One Hundred, Fifty, Twenty,
Ten, Five, Two and One. The denomination
of One Rufiyaa comes in the forms of coins,
while for Two Rufiyaa denominations both
notes and coins are used and the rest
comes in notes. The laari comes in denominations
of fifty, twenty-five, ten, five, two
and one.
The US Dollar is the most popular foreign
currency. However, other international
currencies can also be exchanged at the
banks and authorised moneychangers. The
commonly used credit cards are MasterCard,
Visa, American Express, Diners Club, JCB
and Eurocard. Travellers cheques are accepted
by most hotels, resorts and banks.
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US dollars most
populat foreign currency |
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