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 ?
The 30 years old lady Rufiyaa, passed away in business ward, civil hospital who was suffering from burn injuries during house work.
The local currency is the Rufiyaa but prices are in US dollars.
Rufiyaa from Polyclinic, were of the view that there are chances of spreading diseases like Eye infections, Typhoid fever (enteric fever), Diarrhoea, Malnutrition, Heat stroke, Skin rashes (allergic dermatitis), Psychiatric problem (depression), Dehydration, Severe respiratory problems and Malaria etc.
The islands have been populated for more than 3,000 years ago and early settlers were travellers on the Silk Route Annual visitors More than 600,000 Language Dhivehi is spoken in all parts of the Maldives, with English also widely spoken Economy Tourism is the main industry, contributing close to 20% of the GDP, with fisheries and trade following close behind Currency The Rufiyaa and Laaree.
The drugs were tested positive for heroin and it has a street value of 1 million Rufiyaa.
This has cost the station nearly four million rufiyaa - over USD 250,000.
Many tourists never set foot on the capital island of Male - which has been the focus of the unrest - or use the local currency, rufiyaa, as the tourism sector is highly dollarised.
New revenue measures proposed by the government will allow a sustainable revenue base where 'every single Rufiyaa' will provide direct revenue for the people, he assured.
As per the new regulation, the highest price a tax can charge for a ride between Male' and Hulhumale is 75 Rufiyaa. In addition, the highest price for a trip to the airport from Male' is 60 Rufiyaa.
The Maldives Broadcasting Commission imposed a fine of 2 million rufiyaa (USD 129,807) on Maldives' Broadcaster Raajje TV, for comments made by an opposition lawmaker during live coverage of a demonstration in March.
There is therefore a risk of a liquidity squeeze and debt servicing difficulties in the event of a loss of confidence in the rufiyaa peg, and especially in the case of a prolonged disruption to tourism.
Male, April 19 -- Former President Maumoon Abdul Gayoom's Spokesman faulted President Mohamed Nasheed over breaking the peg on rufiyaa saying cost of living has shot up overnight, placing industries like travel and constructions in a struggle for survival, while elaborating on the crisis within his own party - the main opposition DRP, in an interview with the Asian Tribune.