MMA has said that it is always working to meet the demand for cash in the economy. The five rufiyaa notes are issued in large quantities by the authority to the public and businesses.
MMA
According to the Maldives Monetary Authority (MMA), a new stock of MVR 5 notes has been brought in as the market has become very scarce due to the deterioration of the MVR 5 notes. The notes will be circulated from 15 October 2026 onwards.
MMA has said that it is always working to meet the demand for cash in the economy. The five rufiyaa notes are issued in large quantities by the authority to the public and businesses.
According to MMA, the decline in the stock of MVR 5 notes is due to the decline in the amount of MVR 5 notes deposited with the MMA through banks.
The date on the revised five rufiyaa note is 31 July 2025, 6 Safar. The agreement was signed by MMA Governor Ahmed Munawwar.
MMA said the stock of MVR 5 notes today is the first time the authority has issued a new stock of MVR 5 notes since the introduction of the 'randhiha faheh' notes in 2017.
The MVR 5 note will be issued on 15 October 2026 and will be usable along with the current MVR 5 note.
