GEOLOGY
ECONOMIC GEOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rufiyaa
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Rupee
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US Dollar
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Yen
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Detailed explanation-1: -1 INR = 0.187396 MVR Mar 12, 2023 05:57 UTC The currency converter below is easy to use and the currency rates are updated frequently.
Detailed explanation-2: -The official currency in the Maldives is the Rufiyaa (Rf), which is divided into 100 larees. Paper notes come in denominations of 2, 5, 10, 20, 50, 100 and 500 rufiyaa, although the lowest two are uncommon. Commonly circulated coins are of 10, 25 and 50 larees, and one and two-rufiyaa denominations.
Detailed explanation-3: -Maldives. One Maldivian Rufiyaa is equal to ₹5.33 Indian rupees but a traveller can exchange their Indian rupees upon arrival. However, in Maldives the Indian rupee does not have transactional value and it is important to carry a convertible currency like the US dollar.
Detailed explanation-4: -The Rufiyaa is the official currency of the Maldives. The Monetary Authority of Maldives determines the rate vs. the US Dollar and controls the issue of currency. The name Rufiyaa is derived from the Hindi word rupiyaa or Sanskrit rupya.