What is the official currency of the Maldives?

The official currency of the Maldives is the Maldivian Rufiyaa, often written as MVR or symbolized as “Rf.” The Rufiyaa plays a central role in the economic life of this island nation, which is globally famous for its luxury tourism, crystal-clear waters, coral reefs, and beautiful atolls. Introduced in its modern form in the mid-20th century, the Rufiyaa has steadily evolved, reflecting the cultural identity and heritage of the Maldives through its design, security features, and artwork.

The Maldivian Rufiyaa is issued and regulated by the Maldives Monetary Authority (MMA), which oversees the financial system of the country. The currency is divided into smaller units called Laari, where 100 Laari equals 1 Rufiyaa. Both coins and banknotes are used across the islands, especially in local markets, shops, and ferry services. The banknotes feature traditional Maldivian architecture, handicrafts, and elements of marine life, symbolizing the deep connection the Maldivian people have with the sea and their cultural traditions.

Although the Maldives attracts millions of tourists every year, the U.S. Dollar is widely accepted in resorts and tourism zones. However, within local islands, everyday transactions rely heavily on the Rufiyaa. This makes it an essential part of the nation’s identity and economy. Understanding the significance of the Rufiyaa also helps in learning how small island nations manage tourism-based economies while preserving their culture.