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Information about Maldives.

Country: Maldives
ISO code/s MV / MDV
From year1965

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.

Latest coin and currency news articles from country: Maldives (click here for all news from Maldives)
Corporate MaldivesNew Five Rufiyaa note to be released by MMA
November 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.