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Maldives to launch new currency series
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IANS | 07 Oct, 2015
The Maldives Monetary Authority (MMA) is set to unveil a new currency
series termed "Ran Dhiha Faheh" on November 1, the media reported on
Tuesday.
According to sources, the new currency series was
introduced during the 50th anniversary of the Maldives independence
which was commemorated in July 26, Xinhua news agency reported.
The MMA had previously planned to unveil the new series on October 5 but was postponed for unknown reasons.
The authorities had earlier disclosed plans to release the notes into public circulation in December.
MMA
Governor Azeema Adam had also declared that following the series'
unveiling, the current notes in use can be utilised until May 2016, with
a period of five years allocated for the public to exchange their old
notes for the new series.
Adam added that the series is printed on polymer paper and are state-of-the-art, impossible to produce counterfeit notes.
The
currency series will be circulated in Maldivian rufiyaa 10, 20, 50,
100, 500 and the brand new 1,000 notes. The series also introduced
Maldivian rufiyaa 5 as coins instead of the current cash note.
The printed notes arrived in the Maldives on September 17.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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