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Encyclopedia > Rufiyah
100 rufiya currently in use now. First issued in 1983
100 rufiya currently in use now. First issued in 1983

The Maldivian Rufiyaa (Dhivehi: ދިވެހި ރުފިޔާ) is the official currency of the Maldives. The issuance of the currency is controlled by the Maldives Monetary Authority (MMA). Maldivian Rufiyaa 100 {front side} File links The following pages link to this file: Rufiyah Categories: Currency images ... Maldivian Rufiyaa 100 {front side} File links The following pages link to this file: Rufiyah Categories: Currency images ... Dhivehi is an Indo-Aryan language and the official language of the Republic of the Maldives. ...

Contents


Overview

The most commonly used symbols for the Rufiyaa are MRF and Rf. The ISO 4217 code for Maldivian Rufiyaa is MVR. One Rufiyaa is equal to 100 Laari, which is the sub-denomination of the Rufiyaa. Bank notes are available for denominations of (2), 5, 10, 20, 50, 100 and 500 Rufiyaa. The coins are 1, 2, 5, 10, 25 and 50 Laari and 1 and 2 Rufiyaa. The official exchange rate is USD1 to 12.85 MVR. ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO). ... Maldivian Two Rufiyah Coin Laari is the subdenomiation of the Maldivian Rufiyah (ISO 4217 MVR). ... A £20 Ulster Bank banknote. ...


The etymology of the word Rufiyaa comes from the Hindi word Rupayā, from Sanskrit Rupya (wrought silver). In historical linguistics, etymology is the study of the origins of words. ... Hindi (हिन्दी) is a language spoken mainly in North and Central India. ... The Sanskrit language ( संस्कृता वाक्) is one of the earliest attested members of the Indo-European language family and is not only a classical language, but also an official language of India. ... General Name, Symbol, Number silver, Ag, 47 Chemical series transition metals Group, Period, Block 11, 5, d Appearance lustrous white metal Atomic mass 107. ...


History

The earliest form of currency used in the Maldives was cowry shells (Cypraea moneta) and historical accounts of travelers indicate that they were traded in this manner even during the 13th Century. Ibn Batuta (1344 A.D.) observed that more than 40 ships loaded with cowry shells were exported each year. A single gold Dinar was worth 400,000 shells. Cowry shells (also spelled cowrie), are marine snails of the genus Cypraea (family Cypraeidae), found chiefly in tropical regions, especially around the Maldives or the East Indies. ... (12th century - 13th century - 14th century - other centuries) As a means of recording the passage of time, the 13th century was that century which lasted from 1201 to 1300. ... Abu Abdullah Muhammad Ibn Battuta (February 24, 1304 - 1377) was a Moroccan Berber traveller and explorer. ... A 25,000 Iraqi dinar note printed after the fall of Saddam Hussein. ...


A few centuries later, during the 1600s and 1700s silver wires (folded in the middle to make two parallel straps) with engraved Persian and Arabic inscriptions were imported and traded as currency. This form of currency was used in the Persian Gulf, India, Ceylon and the Far East during the time. Historians agree that this new form of currency was most probably exchanged for cowry shells and indicates Maldives’ lucrative trade with these countries. The first Sultan to imprint his own seal onto this currency was Ghaazee Mohamed Thakurufaanu Al Auzam. The seal was much broader than the wires hence it was barely legible. // Events January January 1 - Scotland adopts January 1st as being New Years Day February February 17 - Giordano Bruno burned in a stake for heresy July July 2 - Battle of Nieuwpoort: Dutch forces under Maurice of Nassau defeat Spanish forces under Archduke Albert in a battle on the coastal dunes. ... Events January 1 - Russia accepts Julian calendar. ... Persia or Persian most often refer to: Persia The Persians, an ethnic group, also called Tajiks Persian language Persian (Pokémon) See also Iranian, Iranian peoples, Iranian languages and Aryan. ... Arabic can mean: From or related to Arabia From or related to the Arabs The Arabic language; see also Arabic grammar The Arabic alphabet, used for expressing the languages of Arabic, Persian, Malay ( Jawi), Kurdish, Panjabi, Pashto, Sindhi and Urdu, among others. ... Map of the Persian Gulf. ... Far East is an inexact term often used for East Asia and Southeast Asia combined, sometimes including also the easternmost territories of Russia, i. ... A sultan (Arabic: سلطان) is an Islamic title, with several historical meanings muslim monarch ruling under the terms of shariah The title carries moral weight and religious authority, as the rulers role was defined in the Quran. ... Muhammad Thakurufaanu Al-Azam (death August 26, 1585) also known as Al-Sultan Ghazi Muhammad Bodu Thakurufaanu ruled over the Maldive Islands (Dhivehhi Rajje) from 1573 to 1585 AD. He is one of the most celebrated Maldivian heroes who saved Maldives from the Portuguese conquerors who ruled over the Maldives... Seal or SEAL can refer to: Seal, a device used to produce an official stamp as a symbol of authority. ...


The first known batch of coin currency was introduced by Sultan Ibrahim Iskandar (1648 - 1687 AD). Compared to the previous forms of money used, his coins were much neater and made out of pure silver thus possessing a higher standard of quality. Surprisingly, this new money was forged in the capital city of Malé, a fact which it acknowledged on its reverse face. An engravement (Dhivehi: ކަނޑާއި އެއްގަމުގެ މަތިވެރި އިސްކަންދަރު ރަސްގެފާނު , King of Land and Sea, Iskandhar the Great) is found milled on the edge. // Events Peace treaty signed at Westphalia ends the Thirty Years War. ... Events March 19 - The men under explorer Robert Cavelier de La Salle murder him while searching for the mouth of the Mississippi River. ... Aerial view of Malé Malé (މާލެ), population 81,647 (2004), is the capital of the Republic of Maldives. ... Dhivehi is an Indo-Aryan language and the official language of the Republic of the Maldives. ...


After this period, Gold coins were replaced by the existing silver ones during the reign of Sultan Hassan Nooruddin in 1787 AD. He used two different qualities of gold in his coins; one was called Mohoree and the other Baimohoree, of which the former is of higher value. How this gold was obtained is uncertain. General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... Hassan Nooraddeen I was the sultan of the Maldives from ???? to 1798?. He ruled for 19 years, 11 months and 15 days. ... 1787 was a common year starting on Monday (see link for calendar). ...


More than a century later, Sultan Mohamed Imaadhudheen IV (1900 - 1904 AD) introduced what historians believe to be the first machine wrought coins, judging the superior quality of the engravements. His successor Sultan Mohamed Shamshudeen III (1904 - 1935 AD) made the first 1 and 4 Laari coins, which were wrought in the United Kingdom by Mint Birmingham in 1913. Muhammad Imaaduddeen IV (death 1882) was the sultan of the Maldives from 1835 to 1882. ... This is a list of historians. ... Sultan Muhammad Shamsuddeen Sultan Muhammad Shamsuddeen Iskander III, son of Ibrahim Nooraddeen, was the Sultan of the Maldives first in May 7, 1893, when he was 14 years. ... 1904 is a leap year starting on a Friday (link will take you to calendar). ... 1935 was a common year starting on Tuesday (link will take you to calendar). ... The Birmingham Mint in Birmingham, England was established in 1794 in Slaney Street by Ralph Heaton I, using second-hand coin presses bought from the estate of Matthew Boulton. ... Link title1913 is a common year starting on Wednesday. ...

MRF 1, issued in 1983.
MRF 1, issued in 1983.

No coins came into existence after mid 30s until 1960 when Sultan Mohamed Fareed I ordered a new batch from the Royal Mint in England. Unlike his predecessors, Sultan Fareed did not embellish his title on the coins; instead he used the National Emblem on the reverse side with the traditional title of the state (Arabic: ا دولت امحلد يبيت, Republic of Maldives) and the denomination value on the obverse side. The new batch consisted of denominations of Laaris 1, 2, 5, 10, 25 and 50. The currency was put into circulation on the February 1961 and all the previously traded coins, with the exception of Shamshudeen III's 1 and 4 Laari, were withdrawn from circulation on June 17, 1966. Image File history File links One Rufiya Maldivian Coin first issued in 1982. ... Al Ameeru Muhammad Fareed Muhammad Farid Didi (or Al Ameeru Muhammad Fareed) was the sultan the Maldives from March 6, 1954 to 1968. ... The Royal Mint is the name of the body permitted to make (mint) coins in the United Kingdom. ... National Emblem of the Republic of Maldives The Maldivian National Emblem or the Coat of Arms consists of a coconut palm, a crescent, and two criss-crossing National Flags with the traditional Title of the State. ... February is the second month of the year in the Gregorian Calendar. ... 1961 was a common year starting on Sunday (link will take you to calendar). ... June 17 is the 168th day of the year in the Gregorian calendar (169th in leap years), with 197 days remaining. ... 1966 was a common year starting on Saturday (link goes to calendar) // Events January January 1 - In a coup, Colonel Jean-Bédel Bokassa ousts president David Dacko and takes over the Central African Republic. ...


The newly established central bank of the country, Maldives Monetary Authority (MMA), introduced the last coin (Rf 1) on January 22, 1983. The coin was made from steel clad copper nickel and was made in Western Germany. January 22 is the 22nd day of the year in the Gregorian Calendar. ... 1983 is a common year starting on Saturday of the Gregorian calendar. ... West Germany was the informal but almost universally used name for the Federal Republic of Germany from 1949 until 1990, during which years the Federal Republic did not yet include East Germany. ...


Bank Notes

MRF 500 note, issued in 1990
MRF 500 note, issued in 1990

The very first bank notes used in the Maldives were Pound Sterling and Sri Lankan Rupees, and transactions in these two currencies can be dated back to 1940. The first Maldivian bank note was produced in 1945 when the People's Majlis (Parliament) passed bill number 2/66 on "Maldivian Bank Note". Under this new law, notes for 60 Laari, Rf 1, Rf 2, Rf 5 and Rf 10 were issued and put into circulation in 1946. Image File history File links Maldivian Rufiyah 500 Bank Note, issued in 1990. ... Image File history File links Maldivian Rufiyah 500 Bank Note, issued in 1990. ... A £20 Ulster Bank banknote. ... The Rupee (₨ or Rs. ... 1940 was a leap year starting on Monday (link will take you to calendar). ... 1945 was a common year starting on Monday (link will take you to calendar). ...


The current range of bank notes were issued in 1983, and the denominations are Rf 100, Rf 50, Rf 20, Rf 10 and Rf 5. The largest denomination of Rf 500 was issued in 1990.


References

Primary Source

  • MMA Dhivehi Publication, 1983. ދިވެހި ރާއްޖޭގެ ފައިސާ (Maldivian Currency)

External links

  • MMA's official Website
  • Official Exchange Rates


Rupees

Indian rupee | Mauritian rupee | Nepalese rupee | Pakistani rupee | Seychelles rupee | Sri Lankan rupee | Indonesian rupiah | Maldivian rufiyah The Rupee (₨ or Rs. ... Rs. ... The rupee is also the currency of Mauritius. ... The Nepalese Rupee (ISO 4217 code NPR) is the currency used in Nepal. ... The Pakistani Rupee (PKR) is the official currency of Pakistan. ... The currency of Seychelles is the rupee, divided into 100 cents. ... The rupee is the official currency of Sri Lanka, divided into 100 cents. ... Rupiah (Rp) is the monetary unit of Indonesia (currency code IDR). ...

Formerly used rupees include: Burmese rupee | French Indian rupee | German East African rupie | Gulf rupee | Portuguese Indian rupia The Gulf Rupee, also known as the Persian Gulf Rupee (XPGR), was introduced by the Indian government as a replacement for the Indian Rupee for circulation exclusively outside the country with the Reserve Bank of India [Amendment] Act, 1 May 1959. ... The Portuguese Indian Rupia was the currency of Portuguese India until 1959. ...


Currencies of Asia and the Pacific
Central Afghan afghani | Kazakstani tenge | Kyrgyzstani som | Mongolian tugrug | Russian ruble | Tajikistani somoni | Turkmenistani manat | Uzbekistani som
East Chinese renminbi | Hong Kong dollar | Japanese yen | Macanese pataca | North Korean won | South Korean won | New Taiwan dollar
South-East Brunei dollar | Cambodian riel | Indonesian rupiah | Laos kip | Malaysian ringgit | Myanmar kyat | Philippine peso | Singapore dollar | Thai baht | US Dollar (East Timor) | Vietnamese dong
South Bangladeshi taka | Bhutanese ngultrum | Indian rupee | Maldives rufiyah | Nepalese rupee | Pakistani rupee | Sri Lankan rupee
West Armenian dram | Azeri manat | Bahraini dinar | Egyptian pound | Georgian lari | Iranian rial | Iraqi dinar | New Israeli sheqel | Jordanian dinar | Kuwaiti dinar | Lebanese pound | Omani rial | Qatari riyal | Saudi riyal | Syrian pound | New Turkish lira | UAE dirham | Yemeni rial
Pacific Australian dollar (Kiribati, Nauru, Norfolk Island, Tuvalu) | CFP franc (French Polynesia, New Caledonia, Wallis and Futuna) | Fijian dollar | New Zealand dollar | Papua New Guinean kina | Samoan tala | Solomon Islands dollar | Tongan pa'anga | US dollar (American Samoa, Guam, Hawaii, Marshall Islands, Federated States of Micronesia, Northern Mariana Islands, Palau) | Vanuatu vatu
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  Results from FactBites:
 
Encyclopedia: Rufiyah (2947 words)
ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO).
Maldivian Two Rufiyah Coin Laari is the subdenomiation of the Maldivian Rufiyah (ISO 4217 MVR).
Under this new law, notes for 60 Laari, Rf 1, Rf 2, Rf 5 and Rf 10 were issued and put into circulation in 1946.
  More results at FactBites »


 

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