Maldives Holiday Travel Guide
Money Matters
The Maldivian currency is the Rufiyaa
and Laaree. The exchange rate for US Dollar at the
time of writing (2006) is MRf 12.75 for the dollar.
One Rufiyaa is equivalent to 100 laarees. Rufiyaa
bank notes come in denominations of 5, 10, 20, 50,
100 and 500. Coins are in the denominations of MRf.2.00,
MRf.1.00, 50 laarees, 20, 10, 5, 2 and 1 laaree. The
US Dollar is the most commonly used foreign currency.
Payments in the resorts and hotels can be made in
most hard currency in cash, travellers’ cheques
or credit cards. Commonly used credit cards are American
Express, Visa, Master Card, Diners Club, JCB and Euro
Card.
Banks
The Bank of Maldives is the national bank of the country
and has different branches in the capital Malé.
It also has branches in some of the major populations
centres such as Addu Atoll, Haa Dhaalu Atoll, Lahviyani
Atoll etc. A branch of bank of Maldives is in Male
International Airport.
Other banks in the capital Malé include HSBC,
State Bank of India, Habbib Bank and Bank of Cylon.
ATMs
Most of the banks represented in the capital Malé
provide Automatic Teller Machine (ATM) services. You
can find several ATM points conveniently located in
key points of Malé.
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