Maldivian rufiyaa

Maldivian rufiyaa
ދިވެހި ރުފިޔާ (Dhivehi)
Rf. 1 coin
ISO 4217
CodeMVR (numeric: 462)
before 1990: MVQ
Subunit0.01
Unit
SymbolRf, MVR, ރ
Denominations
Subunit
1100laari
Banknotes
 Freq. usedRf. 5, Rf. 10, Rf. 20, Rf. 50, Rf. 100, Rf. 500
 Rarely usedRf. 1,000, Rf. 5,000
Coins
 Freq. used25 laari, 50 laari, Rf. 1, Rf. 2
 Rarely used1, 5, 10 laari
Demographics
User(s) Maldives
Issuance
Central bankMaldives Monetary Authority
 Websitewww.mma.gov.mv
PrinterDe La Rue PLC
 Websitewww.delarue.com
MintMinistry of Finance
 Websitewww.finance.gov.mv
Valuation
Inflation2.8%
 SourceThe World Factbook, 2017 est.

The Maldivian rufiyaa (Dhivehi: ދިވެހި ރުފިޔާ; sign: Rf or ރ; 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.[1]