Currency

The Maldivian currency is the Rufiyaa and Laaree. The exchange rate for US Dollar at the time of writing is MRf.12.75 for the dollar. One Rufiyaa is equivalent to 100 laarees. Rufiyaa bank notes come in denominations of 5, 10, 20, 50, 100 and 500. Coins are in the denominations of MRf.2.00, MRf.1.00, 50 laarees, 20, 10, 5, 2 and 1 laaree. The US Dollar is the most commonly used foreign currency. Payments in the resorts and hotels can be made in most hard currency in cash, travellers’ cheques or credit cards. Commonly used credit cards are American Express, Visa, Master Card, Diners Club, JCB and Euro Card.