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Maldives - 5 Maldivian Rufiyaa - P-A26 - 2017 dated Foreign Paper Money

Inv# FM2071   Foreign Paper Money
Country: Maldives
Years: 10.5.17 - AH1438

5 Rufiyaa, P-A26. Polymer with hologram! The Maldivian rufiyaa 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 MVR 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 (wrought silver). The midpoint of exchange rate is Rf. 12/85 per US dollar and the rate is permitted to fluctuate within a ±20% band, i.e. between Rf. 10/28 and Rf. 15/42 as of 10 April 2017.

The earliest form of currency used in the Maldives was cowrie shells (Cypraea moneta) and historical accounts of travellers indicate that they were traded in this manner even during the 13th century. As late as 1344, Ibn Batuta observed that more than 40 ships loaded with cowry shells were exported each year. A single gold dinar was worth 400,000 shells. Read more at https://en.wikipedia.org/wiki/Maldivian_rufiyaa

Condition: C.U.
Item ordered may not be exact piece shown. All original and authentic.
Price: $4.25