Money
Currency: Maldivian Rufiya (Rf) = 100 laari. Notes are in denominations of Rf500, 100, 50, 20, 10 and 5. Coins are in denominations of Rf2 and 1, and 50, 25, 10, 5, 2 and 1 laari.
Currency exchange: Major currencies can be exchanged at banks, tourist resort islands, hotels and leading shops. Payments in hotels can be made in most hard currencies (particularly US Dollars) in cash, travellers cheques or credit cards.
Credit & debit cards: Most major island resorts will accept American Express, Visa, MasterCard, Eurocard and Diners Club. Arrangements vary from island to island, and it is advisable to check with your credit or debit card company for details of merchant acceptability and other facilities which may be available.
Travellers cheques: These are generally accepted in Sterling and US Dollars. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars.
Currency restrictions: There are no restrictions on import or export of either local or foreign currencies.
Exchange rate indicators
The following figures are included as a guide to the movement of the Maldivian Rufiya against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 17.15 | 17.90 | 20.16 | 20.30 | | $1.00= | 11.77 | 11.77 | 12.75 | 12.75 |
Banking hours: Sun-Thurs 0800-1330.
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