Maldives currency is called Rufiyaa [Rf], which is divided into 100 Larees. Maldives Rufiyaa comes in different denominations of notes and coins. The notes come in denominations of 2, 5, 10, 20, 50, 100 and 500 while the coins are available in denominations of 1, 2, 5, 10, 25 and 50 Larees.
The Maldives hotels and resorts in Maldives generally range from being economic to luxury. So while you visit Maldives, make sure that you have plenty of Maldives currency to meet all your expenses.
However, the hotels and resorts also offer foreign exchange facilities and allow you to make payments through hard currencies (especially US Dollars) in credit cards, traveler’s cheques or direct cash.
An important advantage of Maldives currency is that there are absolutely no restrictions to import or export both local and foreign currencies to and from Maldives.
The nation’s first central bank is Maldives Monetary Authority. The bank, situated in the heart of the Maldivian islands, converts all major international currencies into Maldives Rufiyaa. The banks of Maldives remain open from Monday to Friday, from 8.00 to 12.00 and from 13.30 to 17.30.
The international currencies can be easily converted to Maldives Rufiyaa if you have proper information about the Maldivian currency exchange rates. 1 rufiyaa in Maldives is equal to 0.08 US dollars, 0.04 Great Britain pounds, 0.09 Canadian dollars, 0.10 Australian dollars, 0.06 Euros and 0.11 New Zealand dollars.
You can simply use these rates as guidelines to conduct proper money transactions while you are in Maldives. However, US dollar is the most common currency that is converted to Maldives Rufiyaa amongst all major foreign currencies.
The currencies can be converted into Maldives Rufiyaa right in the airport of Maldives. However, the hotels and resorts also offer the Maldives currency exchange facilities.