Malé, Maldives – Central bank of Maldives, Maldives Monetary Authority has issued the new MVR 50 notes with the Maldivian rufiyaa symbol printed on both sides of the banknote.
The MVR 50 note introduced will feature the Maldivian rufiyaa symbol on both sides. The Maldivian rufiyaa symbol is included with the face value at the top left of the face of the note and with the face value at the top left of the back of the note.
The new note was signed by the current MMA Governor Ali Hashim. The date on the note is 8 September 2022, 12 Safar 1444.
The MMA said a date for the circulation of the notes would be announced later.
The new currency symbol of Rufiyaa was officially launched by Minister of Environment, Climate Change and Technology Aminath Shauna during a special ceremony held at MMA headquarters on July 3, 2022.
The symbol designed by Hassan Shujau was selected from 70 designs submitted for a design competition announced in 2021 by the authority to designate a currency symbol for the Maldivian Dhiveh Rufiyaa.
A special judges’ panel had curated and evaluated through all the proposed designs before selecting Shujau’s minimalistic approach as the official sign to reflect the Maldivian Rufiyaa (MVR).