The Maldivian rufiyaa (Dhivehi: ދިވެހި ރުފިޔާ; sign: Rf or .ރ; code: MVR) is the currency of the Maldives. The issuance of the currency is controlled by the Maldives Monetary Authority (MMA). The most commonly used symbols for the rufiyaa are MRF and Rf. The ISO 4217 code for Maldivian rufiyaa is MVR. The rufiyaa is subdivided into 100 laari. The name "rufiyaa" is derived from the Sanskrit रूप्य (rūpya, wrought silver). The midpoint of exchange rate is 12.85 rufiyaa per US dollar and the rate is permitted to fluctuate within a ±20% band, i.e. between 10.28 rufiyaa and 15.42 rufiyaa as of 10 April 2011.
Together with the currencies of its neighboring countries, the Maldivian rufiyaa got its name from the Sanskrit word “rūpa” which means “wrought silver” or “a coin of silver.” The use of the term spread from ancient India, one of the world’s first issuer of coinage, to as far away as the Persian Gulf, Mauritius and Indonesia. This 2 rufiyaa coin features a Giant Triton, a large conch shell highly prized as a decorative item and as a sort of trumpet. #numismatics #coincollecting #coincollector #coincollection #coinsoftheworld #worldcurrency #maldives #maldivianrufiyaa #rupee #rupiah #tritonstrumpet #2rufiyaa