50 Rufiya Banknotes of Maldives

25 Sep 2018  Tue

The Maldives is a tropical nation in the Indian Ocean which is composed of 26 ring-shaped atolls, which are made up of more than 1,000 coral islands. It’s known for its beaches, blue lagoons and extensive reefs. The capital, Male, has a busy fish market, restaurants and shops on the main road, Majeedhee Magu, and 17th-century Hukuru Miskiy (also known as Friday Mosque) made of carved white coral.

In spite of being a relatively small country Maldives is a strong nation. The Maldives is a founding member of the South Asian Association for Regional Cooperation (SAARC). It is also a member of the United Nations, the Organization of Islamic Cooperation, and the Non Aligned Movement. The World Bank classifies the Maldives as having an upper middle income economy.

The currency of the Maldives id Rufiya, derived from the Sanskrit “rupya” or the India currency “Rupee”. Notes for 1?2, 1, 2, 5 and 10 rufiyaa were printed and put into circulation on 5 September 1948. In 1951, 50 and 100 rufiyaa notes were introduced. The current series of banknotes was issued in 1983 in denominations of 2, 5, 10, 20, 50 and 100 rufiyaa. 500 rufiyaa notes were added in 1990, with the 2 rufiyaa replaced by a coin in 1995.

The note in discussion today was issued in 1987. The obverse depicts a bunch of coconuts which is very commonly found in the Maldives and also the “Dhivehi Odi”. The “Dhivehi Odi” is constructed from coconut timber and is used for inter-island transport. The reverse features a typical day in any marketplace in Maldives.

Beautiful isn’t it?

Image Courtesy: rnkr-static.com

Knowledge Base