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Maldivian Laari
The laari ( dv, ލާރި) is a coin denomination issued by the Maldives as the subdenomination of the Maldivian rufiyaa since 1960. One rufiyaa is equal to 100 laari. It was issued in denominations of 1, 2, 5, 10, 25 and 50. The name of the currency is derived from lari. The earliest laari were bent silver wires reminiscent of the early coins from Lar. The Maldive Islands have been using laari for centuries but they were first described by François Pyrard de Laval, who lived on the islands 1602–1607. The current coins are made out of a range of metals, including nickel, brass, cupronickel and aluminium. The coins are issued by the Maldives Monetary Authority The Maldives Monetary Authority (MMA) is the central bank of the republic of Maldives and was established on July 1, 1981, under the mandate provided by the "MMA Act" of 1981, located in the capital city of Malé. The current governor and chairp ... (MMA). References Currencies of the Maldives Economy of the Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maldives
Maldives (, ; dv, ދިވެހިރާއްޖެ, translit=Dhivehi Raajje, ), officially the Republic of Maldives ( dv, ދިވެހިރާއްޖޭގެ ޖުމްހޫރިއްޔާ, translit=Dhivehi Raajjeyge Jumhooriyyaa, label=none, ), is an archipelagic state located in South Asia, situated in the Indian Ocean. It lies southwest of Sri Lanka and India, about from the Asian continent's mainland. The chain of atolls of the Maldives, 26 atolls stretches across the equator from Atolls of the Maldives#Ihavandhippolhu, Ihavandhippolhu Atoll in the north to Addu Atoll in the south. Comprising a territory spanning roughly including the sea, land area of all the islands comprises , Maldives is one of the world's most geographically dispersed sovereign states and the List of sovereign states and dependent territories in Asia, smallest Asian country as well as one of the smallest Muslim countries, Muslim-majority countries by land area and, with around 557,751 inhabitants, the 2nd List of Asian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maldivian Rufiyaa
The Maldivian rufiyaa ( dv, ދިވެހި ރުފިޔާ; sign: Rf or ; code: MVR) is the currency of the Maldives. The issuance of the currency is controlled by the Maldives Monetary Authority (MMA). The most commonly used symbols for the rufiyaa are MVR 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 Sanskrit रूप्य (''rūpya'', wrought silver). The midpoint of exchange rate is Rf. 12/85 per US dollar and the rate is permitted to fluctuate within a ±20% band, i.e. between Rf. 10/28 and Rf. 15/42 as of 10 April 2017. History The earliest form of currency used in the Maldives was cowry shells (''Cypraea moneta'') and historical accounts of travellers indicate that they were traded in this manner even during the 13th century. As late as 1344, Ibn Batuta observed that more than 40 ships loaded with cowry shells were exported each year. A single gold dinar was worth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lari (fish Hook Money)
Larin (plural: lari) is the name of a class of objects serving as coins in areas around the Arabian Sea. The name is derived from Lar, a Persian town that according to tradition would have been the first to produce lari. A larin was a piece of silver wire of about 10 centimeters long, usually folded in two equal parts and shaped like a C, though there are also lari shaped like a J, an I or an S. Lari were stamped with an Arabic or Persian text, usually the name of the local ruler. The Larin, also known as "Koku Ridi" (Silver Hook) was in use in the Kandyan Kingdom from 17th to early part of the 19th century in Sri Lanka and were made by private parties, five of which went to a piece-of-eight, or a Spanish Dollar. These coins with a shape like a fish-hook, bear no legend, or at best poor imitations of Arabic letters; they are usually somewhat thick and short, frequently shows one or more cuts at the bend, apparently made to test the purity of the metal. During the Portuguese perio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lar, Iran
Lar ( fa, لار, also Romanized as Lār; also known as Larestan) is a city and capital of Larestan County, Fars Province, Iran. At the 2006 census, its population was 51,961, in 12,891 families. Lar's inhabitants are Larestani people. History The city was originally called Lar after the person who had first established the city. ''Lar'' (لاڑ) is the name of one of Shahnameh's famous heroes. Around 16th and 17th centuries, Lar was considered to be a major stop along the road to the Persian Gulf. Larestani people migrated to Arab states in the Persian Gulf in significant figures around the 1600s, such as Qatar, the UAE, Bahrain, and Kuwait. Some have surname as "Lari" or "Al Lari" along with many other family and tribal names. Climate Lar has a hot desert climate (BWh). Civilization Lar city is divided into two areas: new-city (called Shahre-jadid) and old-city (called Shahre-ghadim). New-city, which was constructed after the historical earthquake of 1960, now accommodat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nickel
Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow to react with air under standard conditions because a passivation layer of nickel oxide forms on the surface that prevents further corrosion. Even so, pure native nickel is found in Earth's crust only in tiny amounts, usually in ultramafic rocks, and in the interiors of larger nickel–iron meteorites that were not exposed to oxygen when outside Earth's atmosphere. Meteoric nickel is found in combination with iron, a reflection of the origin of those elements as major end products of supernova nucleosynthesis. An iron–nickel mixture is thought to compose Earth's outer and inner cores. Use of nickel (as natural meteoric nickel–iron alloy) has been traced as far back as 3500 BCE. Nickel was first isolated and classified as an e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brass
Brass is an alloy of copper (Cu) and zinc (Zn), in proportions which can be varied to achieve different mechanical, electrical, and chemical properties. It is a substitutional alloy: atoms of the two constituents may replace each other within the same crystal structure. Brass is similar to bronze, another copper alloy, that uses tin instead of zinc. Both bronze and brass may include small proportions of a range of other elements including arsenic (As), lead (Pb), phosphorus (P), aluminium (Al), manganese (Mn), and silicon (Si). Historically, the distinction between the two alloys has been less consistent and clear, and modern practice in museums and archaeology increasingly avoids both terms for historical objects in favor of the more general "copper alloy". Brass has long been a popular material for decoration due to its bright, gold-like appearance; being used for drawer pulls and doorknobs. It has also been widely used to make utensils because of its low melting ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cupronickel
Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimum of 52 percent nickel.) Despite its high copper content, cupronickel is silver in colour. Cupronickel is highly resistant to corrosion by salt water, and is therefore used for piping, heat exchangers and condensers in seawater systems, as well as for marine hardware. It is sometimes used for the propellers, propeller shafts, and hulls of high-quality boats. Other uses include military equipment and chemical, petrochemical, and electrical industries. Another common 20th-century use of cupronickel was silver-coloured coins. For this use, the typical alloy has 3:1 copper to nickel ratio, with very small amounts of manganese. In the past, true silver coins were debased with cupronickel, such as coins of the pound sterling from 1947 onwar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aluminium
Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. It has a great affinity towards oxygen, and forms a protective layer of oxide on the surface when exposed to air. Aluminium visually resembles silver, both in its color and in its great ability to reflect light. It is soft, non-magnetic and ductile. It has one stable isotope, 27Al; this isotope is very common, making aluminium the twelfth most common element in the Universe. The radioactivity of 26Al is used in radiodating. Chemically, aluminium is a post-transition metal in the boron group; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state. The aluminium cation Al3+ is small and highly charged; as such, it is polarizing, and bonds aluminium forms tend towards covalency. The strong affinity tow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maldives Monetary Authority
The Maldives Monetary Authority (MMA) is the central bank of the republic of Maldives and was established on July 1, 1981, under the mandate provided by the "MMA Act" of 1981, located in the capital city of Malé. The current governor and chairperson is Ali Hashim and deputy governor is Mr. Ahmed Imad. It is a member of the Asian Clearing Union. Its primary functions are to issue currency, regulate the availability of Maldivian rufiyaa (MVR), promote its stability, manage licenses, supervise and regulate institutions in the financial sector, formulate and implement monetary policy and to advise the government on issues relating to the economy and financial systems. The MMA is a member of thAlliance for Financial Inclusionand is active in developing financial inclusion policy. Governors * Maumoon Abdul Gayoom, July 1981 - August 2004 * Mohamed Jaleel, September 2004 - July 2005 * Qasim Ibrahim, August 2005 - April 2007 * Abdulla Jihad, August 2007 - July 2008 * Fazeel Najeeb, Oct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of The Maldives
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Maldives
In ancient times, Maldives were renowned for cowries, coir rope, dried tuna fish (Maldive fish), ambergris (''maavaharu'') and coco de mer (''tavakkaashi''). Local and foreign trading ships used to load these products in the Maldives and bring them abroad. Nowadays, the mixed economy of Maldives is based on the principal activities of tourism, fishing and shipping. Tourism is the largest industry in the Maldives, accounting for 28% of GDP and more than 60% of the Maldives' foreign exchange receipts. It powered the current GDP per capita to expand 265% in the 1980s and a further 115% in the 1990s. Over 90% of government tax revenue flows in from import duties and tourism-related taxes. Fishing is the second leading sector in the Maldives. The economic reform program by the government in 1989 lifted import quotas and opened some exports to the private sector. Subsequently, it has liberalized regulations to allow more foreign investment. Agriculture and manufacturing play a mino ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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