US Dollar to Maldivian rufiyaa — exchange rate

The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.

The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.

The Maldivian rufiyaa (MRF) is the currency of the Republic of Maldives, and it is only used within this country. In the international currency arena and in currency exchange, it is named MVR. The Maldivian rufiyaa can be exchanged for laari.

One MVR equals 100 laari. The currency has officially appeared in 1947, replacing the outdated Ceylonese rupee. Interestingly, the first currency of the Maldives was cowrie shells. It is a sea mollusk that lives in this latitude. The shells were used in commerce up until the 14th century. One golden dinar is worth 400 thousand cowries.