Information about Maldives.
|ISO code/s||MV / MDV|
Maldives (officially the Republic of Maldives), is an island nation in the Indian Ocean-Arabian Sea area, consisting of a double chain of twenty-six atolls, oriented north-south, that lie between Minicoy Island (the southernmost part of Lakshadweep, India) and the Chagos Archipelago. The chains stand in the Laccadive Sea, and the capital, Malé, is about 600 kilometres south-west of India and 750 kilometres south-west of Sri Lanka.
|Corporate Maldives||New Five Rufiyaa note to be released by MMA|
|Nov. 9, 2016|
The previously announced MVR 5 coin is going to be released as a note that is in line with the current series of new notes released last year.
Governor Azima spoke to the press today and stated that change from a coin to a paper note was to ensure that the public would not face any difficulties with the transition as the MVR five has always been a note and the introduction of a coining would disrupt easy flow of the money. In addition to this a completely new roleau of coins for MVR 2 would be released in the coming year as well.