The currency is Maldives. Course and face value

Maldives is a tiny state in the Indian Ocean, which gained independence only in 1965. Its name is the currency of the Maldives received from the Indian monetary unit, which has the name rupee. Maldives Rufiya in the world financial market is designated as MVR.

Short story

Before you go on a trip or vacation to the Maldives, you need to find out what currency is in the Maldives, because this is one of the most important issues for a tourist. But before this a little history ...

Maldives Rufiya its name is due to the Indian rupee. Since the Middle Ages, India has had a very great influence on a small island nation, which is why when the Maldives proclaimed its independence, it was decided to give the states the name of the currency, following the example of their larger neighbor. Due to linguistic features, the name was slightly modified.

The Maldives currency was formally introduced at the end of the winter of 1966, replacing the British pound.

Nominal

To date, in the Maldives, all the financial and financial issues are solved by the national bank, which introduced banknotes in denominations of five, ten, twenty, fifty, one hundred, five hundred and one thousand Maldivian Rufiyas.

The currency of the Maldives is to divide into smaller, smaller coins, which are called laari, with one hundred in one Rufiya. Minted they are one, two, five, ten, twenty-five and fifty laris. There are also metal coins worth one and two ruffia.

The appearance of the Maldivian currency

Absolutely all banknotes on the islands have the image of a sailing brig, which symbolizes the huge role of the sea for the state and the population. Paper denominations of small denomination depict scenes from the life of the common people of the country, the way of life of people and fishing. Monetary signs of a higher value depict architectural monuments of the islands and elements of modern architecture of the state.

An interesting feature of the Maldivian Rufia is that it is still printed by the royal printing houses of Great Britain, where it was originally printed. By the way, the British pound is also produced there.

Unlike paper bills, metal coins of the islands have a much more diverse appearance. The smallest coin with the denomination of 1 Laari is made of aluminum, has the usual form of a circle for a European man. Larger coins with a nominal value of five and ten lari are made of the same material, but have a slightly different shape, which is more like the shape of a flower. Coins of twenty-five, fifty laari and one Ruffia, having a rounded shape, are made of a bronze, copper and nickel alloy. A coin worth two rufies is made of a copper-zinc alloy in the form of a square with rounded corners.

The coins depict the face value and the name of the country on the front side, and the state symbols on the back: palm tree, sailing vessel, fish and turtle, coat of arms and shell of the mollusk, and the palace of the president in the capital of the country.

Maldives. Exchange rate and exchange

The Maldives Rufiya is a relatively inexpensive currency, its rate is approximately $ 0.067, that is, in US $ 1, approximately 15 Maldivian Rufiyas. One British pound sterling contains about twenty Ruths. These courses are approximate, as they change daily.

As for currency exchange on the islands, then there will be no problems. Practically in any bank, at the airport, at the pier or any other exchange office, you will happily exchange your currency for the local one. It is easiest and most profitable to exchange dollars, euros and pounds sterling. Also willing to work with the Indian national currency. Some problems may arise with the monetary units of other states.

In addition to the above monetary units, it is fairly easy to exchange Russian rubles on the islands.

Maldives. Currency. Rate to ruble

The islands today enjoy great popularity among Russian tourists, so travel agencies, banks and other service organizations have long adapted to "our" tourists. Rufiya is a currency (Maldives), its ruble fluctuates at the level of 3-4 rubles to the ruble. To date, in one Maldivian Rufiya contains approximately 0.27 Russian rubles, that is, in one Rufiya a little more than three and a half rubles.

As mentioned above, there are no problems with the exchange of the Russian ruble for the Maldivian currency. Because of the large flow of Russian tourists to the islands, all financial institutions and exchange offices are happy to work with the currency of the Russian Federation. Some problems can arise only if you decide to exchange your money not in the capital of the country - the city of Male. On other islands, rubles are also changed, but at an inflated rate and not everywhere, so it's better to take care of purchasing a local currency in advance.

Conclusion

Before any trip abroad it is better to find out in advance what currency is in the country of destination, because this is one of the key moments. Also it is worthwhile to find out in advance how the issue of currency exchange is, and what is better to take with it. Not everywhere it will be profitable and convenient to come with a Russian ruble, in some countries it is better to bring dollars or another currency.

Traveling to the Maldives for a Russian tourist is attractive not only for its climate, azure ocean and sandy beaches, but also because here it is possible without problems to exchange rubles at a fairly favorable rate, so it makes no sense because of this to particularly worry.