Time Period: 1965-

Currency: Maldivian Rufiyaa (Rupee)


Timeline

  • 12.08.1947
  • AH:25.09.1366
  • Law [No. 2/66] on the creation of the currency and establishment of a governmental committee for the oversight of monetary matters; effective 15.11.1947
  • ??.??.1981
  • Law [Monetary Authority Act, No. 6] on the establishment of the Monetary Authority, states the change of the international currency name from "Rupee" into "Rufiyaa"; effective 01.07.1981

Geldzeichen

  • 05.09.1948
  • [AH:01.11.1367] Start of currency exchange:
    - 05.09.1948: Start of issuance of the new banknotes and coins
    - ??.??.????: Demonetization of the Ceylonese currency.

Valuation Regimes

  • 1947-1977
  • Fixed rate against British Pound
  • 1977-1982
  • Fixed rate against US Dollar
  • 1982-1994
  • Variable rate
  • 1994-2011
  • Fixed rate against US Dollar
  • 2011-
  • Variable rate

Rate Arrangements

  • 15.11.1947
  • Fixed
  • British Pound at 1 : 13⅓
  • ±0.0%
  • 22.11.1967
  • Fixed
  • British Pound at 1 : 11.429
  • +16.7%
  • 15.11.1977
  • Fixed
  • US Dollar at 1 : 7.55 - Effective Rate
  • -16.8%
  • 31.03.1982
  • Variable
  • Initially: US Dollar at 1 : 7.05
  • +7.1%
  • 01.10.1994
  • Fixed
  • US Dollar at 1 : 11.77
  • -
  • 25.07.2001
  • Fixed
  • US Dollar at 1 : 12.80
  • -8.1%
  • 11.04.2011
  • Variable
  • Initially: US Dollar at 1 : 15.42
  • -17.0%


End-year Forex Rates (Units per US Dollar)