Topic summary

Maldivian rufiyaa

Maldivian rufiyaa

The Maldivian rufiyaa (Dhivehi: ދިވެހި ރުފިޔާ, romanized: dhivehi rufiyaa; sign: ; code: MVR, abbreviation Rf) is the currency of the Maldives. The issuance of the currency is controlled by the Maldives Monetary Authority (MMA). The rufiyaa is subdivided into 100 laari.

The name rufiyaa is derived from the Sanskritरूप्य (rūpya, lit.'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.