A new currency series of 10-, 20-, 50-, 100-, 500-, and 1,000-rufiyaa
notes (the latter a new denomination) entered circulation in Maldives
on Jan. 26.
The notes are all printed on a polymer substrate in England by De La
Rue and had been locked in a Maldives Monetary Authority vault since
they arrived from England in September.
Holders of the old series notes can use them until May and then will
have five years to exchange them for new ones.
Connect with Coin World:
The new series commemorates the 50th anniversary of Maldivian
independence and are called “Ran Dhihafaheh,” or “Golden 50.” They are
designed to summarize the elements that define the country. Each note
represents a different aspect of the nation and what distinguishes it
from the rest of the world.
The yellow 10-rufiyaa note, showing an old drum from the National
Museum, represents the culture of Maldives and importance of
The 20-rufiyaa note is dedicated to industrial and economic progress
and is purple to represent wealth. It shows the fishing industry,
international airport and some cowrie shells.
Get our free report: How to Invest in Rare Coins
The 50-rufiyaa note promotes unity and Islamic values and is green.
It shows a boy reciting the Quran and a mosque.
The red 100-rufiyaa note matches the national flag and stresses
nationalism and the native language. It displays a pattern made from
the old Dhivehi alphabet, a famous old Maldivan text and a woman in
The 1,000-rufiyaa note shows a green turtle on the face and whale
shark on the back, with other design devices derived from sea life.
The overall theme is “the beauty in our surrounding.”
The series was designed by Abdulla Nashaath, a 30-year-old artist
who says the project took him forty days.
The 5-rufiyaa note is being replaced by a coin.