No forged currency circulating in Maldives: MMA

Maldives currency notes. Photo: Travel Online.

Malé, Maldives— Maldives Monetary Authority (MMA) assured the public that there are no forged Maldivian currency circulating in the country.

After the claims of a MVR 500 currency note being fake went viral in social media, the central bank of Maldives revealed that they have investigated the matter and concluded that the note was in fact legitimate.

The spokesman of MMA, Mohamed Nasih informed that the investigation revealed that although it had some discoloration due to potential contact with a chemical compound, the currency note was valid.

The note being shared on social media was found and brought in, and was later determined as valid. … We can assure that there are no forged notes circulating in the Maldives.

Mohamed Nasih

The new Maldivian currency known as “Ran Dhiha Faheh” were introduced in 2016 to commemorate 50 years of independence in the Maldives. It is the first Maldivian currency series to be printed on polymer paper, featuring a new design and special security features.