MALDIVES

(MVR) Currency News >>

CURRENCY:

Maldivian Rufiya - MVR, Symbol MRf

DENOMINATIONS:

NOTE: MRf500, 100, 50, 20, 10 and 5.

COIN: MRf2 and 1, and 50, 25, 10, 5, 2 and 1 laari.

US DOLLAR ACCEPTED?

Yes, widely

CREDIT/DEBIT CARDS AND ATMS:

This may vary but most major resorts accept major credit cards. There are ATM machines on Capital Island.

CURRENCY EXCHANGE:

These kinds of services are available at banks and main shops especially in the larger tourist areas. Hotels will accept cash in most currencies as well as credit cards and traveller's cheques.

TRAVELLER'S CHEQUES:

These do have acceptance, mostly in Sterling and US dollars.

BANKING HOURS:

Sun-Thurs 0730-1430.

CURRENCY RESTRICTIONS:

N/A

COUNTRY OVERVIEW:

Also known as the Maldive Islands, the official name of this nation is the Republic of Maldives. It is an Asian island nation and the smallest of Asia. The main religion practised in the Maldives is Islam. The capital is Male and the official language is Dhivehi.

POPULATION:

Around 390,000

ECONOMY:

The main element of the economy of the Maldives is tourism, followed by fishing. The import and export quotas were lifted in the late 1980s and has since freed regulations to open the doors to foreign investment. The Maldives were badly affected by the Tsunami of the end of 2004 but since then the country has experienced a slow recovery.