Maldives is a popular and luxury travel destination among Indian travelers. Every year thousands of Indians come here to spend holidays, honeymoon and relax on the beach, but many people have a question in their mind that how much is the Indian rupee worth in Maldives? Let us know the complete difference in currency value of India and Maldives.
The name of the official currency of Maldives is Maldivian Rufiyaa, whose short form is MVR. This name is derived from the Sanskrit word rupya, which means silver. The Maldivian rufiyaa is controlled by the Maldives Monetary Authority (MMA), which is the country’s central bank and oversees the money supply, exchange rates and financial stability.
How much is the Indian Rupee worth in Maldives?
According to the report of Vice.com, the price of 1 Maldivian Rufiyaa is 5 rupees 77 paisa against the Indian currency. According to this, if an Indian earns Rs 1 lakh by going to Maldives, then after coming to India it will become Rs 5 lakh 77 thousand 71. Whereas 1 rupee of India is equal to only 17 paise in Maldives. According to this, if an Indian goes to Maldives with Rs 1 lakh, then after going there its value will be only equal to 17 thousand 329 Maldivian Rufiyaa.
Features and design of Maldives currency
The currency of Maldives not only holds economic importance, but it is also a symbol of art and culture. The notes and coins here reflect marine life, traditional fishing and the cultural identity of the Maldives. Since the Maldives is an island country located in the middle of the Indian Ocean, its currency features sea-related themes such as fish, various images, water sports and sailing.
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