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Encyclopedia > Maldivian rufiyaa
Maldivian rufiyaa
ދިވެހި ރުފިޔާ (Dhivehi)
100 rufiyaa note 1 rufiyaa coin
100 rufiyaa note 1 rufiyaa coin
ISO 4217 Code MVR
User(s) Maldives
Inflation 6%
Source The World Factbook, 2005 est.
Pegged by U.S. dollar = 12.8 rufiyaa
Subunit
1/100 laari
Symbol Rf, MRF, or .ރ
Coins
Freq. used 25, 50 laari , Rf 1, Rf 2
Rarely used 1, 2, 5, 10 laari
Banknotes
Freq. used Rf. 5, Rf. 10, Rf. 20, Rf. 50, Rf. 100
Rarely used Rf. 500
Central bank Maldives Monetary Authority
Website www.mma.gov.mv
Printer De La Rue PLC
Website www.delarue.com

The Maldivian rufiyaa (Dhivehi: ދިވެހި ރުފިޔާ) 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 MRF and Rf. The ISO 4217 code for Maldivian rufiyaa is MVR. One rufiyaa is equal to 100 laari. Rufiyaa is derived from the Hindi word rupayā, ultimately from Sanskrit rupya (wrought silver). The official exchange rate is USD1 to 12.8[1] MVR. Maldivian Rufiyaa 100 {front side} File links The following pages link to this file: Rufiyah Categories: Currency images ... Image File history File links One Rufiya Maldivian Coin first issued in 1982. ... A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... Maldivian Two Rufiyah Coin Laari is the subdenomiation of the Maldivian Rufiyah (ISO 4217 MVR). ... This page meets Wikipedias criteria for speedy deletion. ... The word printer is used to describe a company that provides commercial printing services, involving typesetting, printing and book-binding. ... De La Rue is a British commercial printer and papermaker. ... The Fifth Republic Movement (Spanish: Movimiento V [Quinta] República, MVR) is a left-wing political party in Venezuela which was founded by Hugo Chávez, the current President of Venezuela. ... Dhivehi is an Indo-Aryan language spoken by about 300,000 people in the Republic of Maldives where it is the official language of the country and in the island of Minicoy (Maliku) in neighbouring India where it is known as Mahl. ... This page meets Wikipedias criteria for speedy deletion. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... Maldivian Two Rufiyaa Coin The laari was a coin denomination issued by the Maldives until 1913 and has been the subdenomiation of the Maldivian rufiyaa since 1960. ... Hindi (Devanagari: हिन्दी or हिंदी; IPA: ), an Indo-European language spoken mainly in northern and central India, is the official language of the Union government of India [1][2]. It is part of a dialect continuum of the Indic family, bounded on the northwest and west by Punjabi, Sindhi, Urdu, and Gujarati... Sanskrit ( , ) is a classical language of India, a liturgical language of Hinduism, Buddhism, and Jainism, and one of the 23 official languages of India. ... General Name, Symbol, Number silver, Ag, 47 Chemical series transition metals Group, Period, Block 11, 5, d Appearance lustrous white metal Atomic mass 107. ...

Contents

History

The earliest form of currency used in the Maldives was cowry shells (Cypraea moneta) and historical accounts of travelers indicate that they were traded in this manner even during the 13th Century. Ibn Batuta (AD 1344) observed that more than 40 ships loaded with cowry shells were exported each year. A single gold Dinar was worth 400,000 shells. Species Cypraea annulus Cypraea moneta Cypraea pantherina Cypraea spurca Cypraea tigris Cypraea vitellus Cyprea linx Various species of Cowry from all over the world Cowry shells (also spelled “cowrie”), are marine snails of the genus Cypraea (family Cypraeidae), found chiefly in tropical regions, especially around the Maldives or the East... (12th century - 13th century - 14th century - other centuries) As a means of recording the passage of time, the 13th century was that century which lasted from 1201 to 1300. ... Abu Abdullah Muhammad Ibn Battuta (February 24, 1304 - 1377) was a Moroccan Berber traveller and explorer. ... Events English king Edward III introduces three new gold coins, the florin. ... A 25,000 Iraqi dinar note printed after the fall of Saddam Hussein A hyperinflation banknote of 50 billion dinara (1993) A 5,000 dinar bill of the Republic of Serbian Krajina (1992) The dinar is the currency unit of various countries, most of them Arabic-speaking or once part...


A few centuries later, during the 1600s and 1700s Lärin[2] (parallel straps of silver wire folded in half) with dyed Persian and Arabic inscriptions were imported and traded as currency. This form of currency was used in the Persian Gulf, India, Ceylon and the Far East during the time. Historians agree that this new form of currency was most probably exchanged for cowry shells and indicates Maldives’ lucrative trade with these countries. The first Sultan to imprint his own seal onto this currency was Ghaazee Mohamed Thakurufaanu Al Auzam. The seal was much broader than the wires hence it was barely legible. 1600 was a leap year starting on Saturday of the Gregorian calendar (or a leap year starting on Tuesday of the 10-day slower Julian calendar). ... Events January 1 - Russia accepts Julian calendar. ... General Name, Symbol, Number silver, Ag, 47 Chemical series transition metals Group, Period, Block 11, 5, d Appearance lustrous white metal Atomic mass 107. ... Persian (local name: FārsÄ« or PārsÄ« ) is an Indo-European language spoken in Iran, Afghanistan, Tajikistan and by minorities in Uzbekistan, Turkmenistan, Pakistan, India, Azerbaijan, Armenia, Georgia, Southern Russia, neighboring countries, and elsewhere. ... Arabic ( or just ), is the largest member of the family of Semitic branch of the Afro-Asiatic language family (classification: South Central Semitic) and is closely related to Hebrew, Amharic, and Aramaic. ... It has been suggested that Persian Gulf States be merged into this article or section. ... The far east as a cultural block includes East Asia, Southeast Asia, Northeast Asia and South Asia. ... Sultan (Arabic: سلطان) is an Islamic title, with several historical meanings. ... Muhammad Thakurufaanu Al-Azam (death August 26, 1585) also known as Al-Sultan Ghazi Muhammad Bodu Thakurufaanu ruled over the Maldive Islands (Dhivehhi Rajje) from 1573 to 1585 AD. He is one of the most celebrated Maldivian heroes who saved Maldives from the Portuguese conquerors who ruled over the Maldives... Seal on envelope A seal is an impression printed on, embossed upon, or affixed to a document (or any other object) in order to authenticate it, in lieu of or in addition to a signature. ...


The first known batch of coin currency was introduced by Sultan Ibrahim Iskandar (1648-1687). Compared to the previous forms of money used, his coins were much neater and made out of pure silver thus possessing a higher standard of quality. Surprisingly, this new money was forged in the capital city of Malé, a fact which it acknowledged on its reverse face. An engravement (Dhivehi: ކަނޑާއި އެއްގަމުގެ ރަސްގެފާނު، މަތިވެރި އިސްކަންދަރު , King of Land and Sea, Iskandhar the Great) is found milled on the edge. // Events January 17 - Englands Long Parliament passes the Vote of No Address, breaking off negotiations with King Charles I and thereby setting the scene for the second phase of the English Civil War. ... Events March 19 - The men under explorer Robert Cavelier de La Salle murder him while searching for the mouth of the Mississippi River. ... Malé (Dhivehi: މާލެ), (pronounced: Maa-lay) population 81,647 (2004), is the capital of the Republic of Maldives. ... Dhivehi is an Indo-Aryan language and the official language of the Republic of the Maldives. ...


After this period, gold coins replaced the existing silver ones during the reign of Sultan Hassan Nooruddin in 1787. He used two different qualities of gold in his coins; one was called Mohoree and the other Baimohoree, of which the former is of higher value. How this gold was obtained is uncertain. General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... Hassan Nooraddeen I was the sultan of the Maldives from ???? to 1798?. He ruled for 19 years, 11 months and 15 days. ... Year 1787 was a common year starting on Monday (see link for calendar). ...


Coinage

Throughout the nineteenth and early twentieth centuries, bronze coins were issued denominated in laari. Sultan Mohamed Imaadhudheen IV (1900-1904) introduced what historians believe to be the first machine struck coins, judging the superior quality of the engravements. His successor Sultan Mohamed Shamshudeen III (1904-1935) made the last of these coins, 1 and 4 laari denominations, which were struck in the United Kingdom by Heaton's Mint, Birmingham, England in 1913. Maldivian Two Rufiyaa Coin The laari was a coin denomination issued by the Maldives until 1913 and has been the subdenomiation of the Maldivian rufiyaa since 1960. ... Muhammad Imaaduddeen IV (death 1882) was the sultan of the Maldives from 1835 to 1882. ... 1900 (MCM) was an exceptional common year starting on Monday of the Gregorian calendar, but a leap year starting on Saturday of the Julian calendar. ... Year 1904 (MCMIV) was a leap year starting on a Friday (see link for calendar). ... This is a list of historians. ... Sultan Muhammad Shamsuddeen Sultan Muhammad Shamsuddeen Iskander III, son of Ibrahim Nooraddeen, was the Sultan of the Maldives first in May 7, 1893, when he was 14 years. ... Year 1904 (MCMIV) was a leap year starting on a Friday (see link for calendar). ... 1935 (MCMXXXV) was a common year starting on Tuesday (link will take you to calendar). ... The Birmingham Mint in Birmingham, England was established in 1794 in Slaney Street by Ralph Heaton I, using second-hand coin presses bought from the estate of Matthew Boulton. ... This article is about the city in England. ... Motto: (French for God and my right) Anthem: God Save the King/Queen Capital London (de facto) Largest city London Official language(s) English (de facto) Unification    - by Athelstan AD 927  Area    - Total 130,395 km² (1st in UK)   50,346 sq mi  Population    - 2006 est. ... Year 1913 (MCMXIII) was a common year starting on Wednesday (link will display the full calendar). ...

National Emblem in MRF 1 coin, issued in 1983. Sultan Muhammad Fareed Didi used the emblem on coin for the first time.
National Emblem in MRF 1 coin, issued in 1983. Sultan Muhammad Fareed Didi used the emblem on coin for the first time.

Following the end of coin production specifically for the Maldives, the Sultanate came to use the Ceylonese rupee. This was supplemented in 1947 by issues of banknotes denominated in rufiyaa, equal in value to the rupee. In 1960, coins denominated in laari, now worth one hundredth of the rufiyaa, were introduced. Sultan Mohamed Fareed I ordered these coins from the Royal Mint in England. Unlike his predecessors, Sultan Fareed did not embellish his title on the coins; instead he used the National Emblem on the reverse side with the traditional title of the state (Arabic: الدولة المحلديبية, Republic of Maldives) and the denomination value on the obverse side. The new batch consisted of denominations of 1, 2, 5, 10, 25 and 50 laari. The currency was put into circulation in February 1961 and all the previously traded coins, with the exception of Shamshudeen III's 1 and 4 laari, were withdrawn from circulation on June 17, 1966. Image File history File links One Rufiya Maldivian Coin first issued in 1982. ... National Emblem of the Republic of Maldives The Maldivian National Emblem or the Coat of Arms consists of a coconut palm, a crescent, and two criss-crossing National Flags with the traditional Title of the State. ... Sultan (Arabic: سلطان) is an Islamic title, with several historical meanings. ... Al Ameeru Muhammad Fareed Muhammad Farid Didi (or Al Ameeru Muhammad Fareed) was the sultan the Maldives from March 6, 1954 to 1968. ... ISO 4217 Code LKR User(s) Sri Lanka Inflation rate 11. ... Al Ameeru Muhammad Fareed Muhammad Farid Didi (or Al Ameeru Muhammad Fareed) was the sultan the Maldives from March 6, 1954 to 1968. ... The Royal Mint is the body permitted to manufacture, or mint, coins in the United Kingdom. ... National Emblem of the Republic of Maldives The Maldivian National Emblem or the Coat of Arms consists of a coconut palm, a crescent, and two criss-crossing National Flags with the traditional Title of the State. ... June 17 is the 168th day of the year in the Gregorian calendar (169th in leap years), with 197 days remaining. ... 1966 (MCMLXVI) was a common year starting on Saturday (the link is to a full 1966 calendar). ...


The newly established central bank of the country, Maldives Monetary Authority (MMA), introduced the Rf 1 on January 22, 1983. The coin was made from steel clad copper nickel and was made in West Germany. This page meets Wikipedias criteria for speedy deletion. ... January 22 is the 22nd day of the year in the Gregorian calendar. ... 1983 (MCMLXXXIII) was a common year starting on Saturday of the Gregorian calendar. ...

Unit (MVR) Design on Obverse Design on Reverse
Coins
0.01 Denomination Value Coconut Palm
0.05 Denomination Value Tuna
0.10 Denomination Value Sailing Boat (Odi)
0.25 Denomination Value Friday Mosque & Minaret
0.50 Denomination Value Turtle
1 Denomination Value Coat of Arms
2 Denomination Value Conch shell (charonia tritonis)

In logic (and usually without being paired with reverse), obverse has a meaning close to contrapositive. ... Species See text. ... Suborders Cryptodira Pleurodira See text for families. ... National Emblem of the Republic of Maldives The Maldivian National Emblem or the Coat of Arms consists of a coconut palm, a crescent, and two criss-crossing National Flags with the traditional Title of the State. ... A conch shell A Conch is a sea creature, a marine gastropod. ...

Banknotes

100 rufiyaa currently in use. First issued in 1983
100 rufiyaa currently in use. First issued in 1983
MRF 500 note, issued in 1990
MRF 500 note, issued in 1990

The first Maldivian bank note was produced in 1945 when the People's Majlis (Parliament) passed bill number 2/66 on "Maldivian Bank Note". Under this new law, notes for 50 laari, and 1, 2, 5 and 10 rufiyaa were issued and put into circulation in 1947. Maldivian Rufiyaa 100 {front side} File links The following pages link to this file: Rufiyah Categories: Currency images ... Maldivian Rufiyaa 100 {front side} File links The following pages link to this file: Rufiyah Categories: Currency images ... Image File history File links Maldivian Rufiyah 500 Bank Note, issued in 1990. ... Image File history File links Maldivian Rufiyah 500 Bank Note, issued in 1990. ... Year 1945 (MCMXLV) was a common year starting on Monday (the link is to a full 1945 calendar). ... The Majlis of the Maldives is comprised of 48 members. ... Year 1947 (MCMXLVII) was a common year starting on Wednesday (the link is to a full 1947 calendar). ...


The current range of bank notes were issued in 1983, and the denominations are 5, 10, 20, 50, and 100 rufiyaa. A larger denomination of 500 rufiyaa was issued in 1990. 1983 (MCMLXXXIII) was a common year starting on Saturday of the Gregorian calendar. ... ...

Unit (MVR) Design on Obverse Design on Reverse
Paper money
5 Coconut palm, Dhoani Traditional Fishing
10 Coconut palm, Dhoani Traditional Island Life
20 Coconut palm, Dhoani Inner Harbour (Historical)
50 Coconut palm, Dhoani Malé Bazaar (Historical)
100 Coconut palm, Dhoani Medhuziyaaraiy (Monument)
500 Coconut palm, Dhoani Islamic Centre and Mosque
Current MVR exchange rates
Use Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com: AUD CAD CHF EUR GBP HKD JPY USD

In logic (and usually without being paired with reverse), obverse has a meaning close to contrapositive. ... Binomial name Cocos nucifera L.. The Coconut Palm (Cocos nucifera L.), is a member of the Family Arecaceae (palm family). ... A dhow is a traditional boat design with one or more triangular sails, called lateens. ... Malé (Dhivehi: މާލެ), (pronounced: Maa-lay) population 81,647 (2004), is the capital of the Republic of Maldives. ...

References

  1. ^ [1] Exchange rate
  2. ^ [2] After Lar in modern day Iran where it was first minted
  • MMA (Dhivehi) Publication, 1983. ދިވެހި ރާއްޖޭގެ ފައިސާ (Maldivian Currency)

External links

  • MMA's official Website
  • Official Exchange Rates
  • Images of Maldivian banknotes

  Results from FactBites:
 
NationMaster - Encyclopedia: Rufiyaa (3605 words)
The Maldivian Rufiyaa (Dhivehi: ދިވެހި ރުފިޔާ) is the official currency of the Maldives.
One Rufiyaa is equal to 100 Laari, which is the sub-denomination of the Rufiyaa.
Maldivian rufiyaa · Mauritian rupee Nepalese rupee Pakistani rupee ;· Seychellois rupee ;· Sri Lankan rupee
Maldivian rufiyaa - Wikipedia, the free encyclopedia (774 words)
Rufiyaa is derived from the Hindi word rupayā, ultimately from Sanskrit rupya (wrought silver).
The first Maldivian bank note was produced in 1945 when the People's Majlis (Parliament) passed bill number 2/66 on "Maldivian Bank Note".
Under this new law, notes for 50 laari, and 1, 2, 5 and 10 rufiyaa were issued and put into circulation in 1947.
  More results at FactBites »

 
 

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