Investopedia

Continue to Site »

MVR (Maldivian Rufiyaa)

Filed Under » ,
Dictionary Says

Definition of 'MVR (Maldivian Rufiyaa)'

The currency abbreviation for the Maldivian rufiyaa (MVR), the currency for the Maldives. The Maldivian rufiyaa is made up of 100 laari and is often presented with the symbol Rf or MRF. The name rufiyaa is based on the Hindi word "rupaya", which comes from the Sanskrit word "rupya" and can be translated to mean "wrought silver".
Investopedia Says

Investopedia explains 'MVR (Maldivian Rufiyaa)'

The Maldivian rufiyaa came about in 1947, when it replaced the Ceylonese rupee at par. However, the laari, the subunit of the rufiyaa, was used in the Maldives much earlier, and can be traced back to the 19th century. Bronze coins issued throughout the 19th and early 20th centuries were denominated in laari. These laari coins had their last minting in 1913. Today's laari was first minted in 1960.

Articles Of Interest

  1.

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  2. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  3. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.

  4. The Most Counterfeit-Proof Currencies

    The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake.

  5. An Introduction To Complementary Currencies

    There are alternatives to national currencies. Discover complementary currencies and how they work.

  6. The Origins Of Common Currency Symbols

    Check out some of the world's most heavily traded currencies and their origins.

  7. The Life Of A $20 Bill

    Next time you pull a $20 out of your wallet, consider where it has been.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  2. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  3. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  4. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  5. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  6. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.
Trading Center