Maldivian Rufiyaa

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Maldivian Rufiyaa

The currency of the Maldives. It was issued in 1947 and was pegged to the Ceylonese rupee. It is currently pegged to the U.S. dollar.
References in periodicals archive ?
However, President Nasheed in his week-end radio address expressed "optimism of an early stabilizing the exchange rate below the median of the band of fluctuation allowed for the exchange rate of Rufiyaa against US Dollar," the President's office said.
According to Nasheed the government, from the time it took office, has continued to implement measures to maintain the value of Rufiyaa.
He said the government decision to implement a managed float of the rufiyaa has spelt disaster on all fronts and it has not solved the shortage of dollars either.
The Maldives government adopted a new exchange rate regime under which the Maldivian rufiyaa (MRF) will float in a band of 20 percent in either direction around a central parity of MRF 12.
In January this year a group of masked men brandishing swords arrived at the Kihaadhuffaru resort in Baa Atoll and stole a safe containing thousands of rufiyaa.
7 million Rufiyaa worth of goods were made available to farmers at reasonable rates and 1,932 farmers were trained in various aspects of agriculture.
Its aim is to have an arrangement whereby Maldivian Rufiyaa could be directly exchanged for Sri Lankan Rupees and vice versa.
The Maldives' aim was to have an arrangement whereby Maldivian Rufiyaa could be directly exchanged for Sri Lankan Rupees and vice versa.
And the Maldives' government's aim was to have an arrangement whereby Maldivian Rufiyaa could be directly exchanged for Sri Lankan Rupees and vice versa.
Time zone: Sri Lanka GMT +5hrs 30mins Maldives GMT +5hrs Currency: Sri Lankan Rupee: Maldivian Rufiyaa Best time to go: Drier in winter