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                           Last updated Friday August 06, 2004  

 

MALDIVES EXCURSION

Introduction

Business Traveler

Geography
Agriculture 
political conditions
Education
Economy
Tourism
Fishing
Population
Monetary System
Industry
Holidays and Festivals
Transport
Music

 PHOTOS

     

 

MONETARY SYSTEM

Maldives does not have a fixed exchange rate. The daily demand and supply determine the value of the Maldivian Rufiya (MRf). Major currencies can be exchanged at authorized moneychangers. There is no restriction of the amount of foreign currency that visitors may bring in or take out of the country.

Exchange Rate: US$ 1 = MRf11.82 (February 1998).
Now Exchange Rate of 1 US$ is 12.75

The GDP estimated that MRf 1190.2 million in 1993 (at 1985 constant prices) amounted to a per capita GDP of MRf 4,993 (about US$ 703.4) GDP growth rate (1992 - 1993) is 6.2%.

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