Pound Sterling to Maldivian rufiyaa — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Maldives

Currency Code, Symbol: MVR, Rf

Denominations of coins in circulation: 1 laari, 2 laari, 5 laari, 10 laari, 25 laari, 50 laari, Rf 1, Rf 2

Denominations of banknotes in circulation: Rf 5, Rf 10, Rf 20, Rf 50, Rf 100, Rf 500, Rf 1000, Rf 5000

History: The Maldivian rufiyaa (MRF) is the currency of the Republic of Maldives, and it is only used within this country. In the international currency arena and in currency exchange, it is named MVR. The Maldivian rufiyaa can be exchanged for laari.One MVR equals 100 laari. The currency has officially appeared in 1947, replacing the outdated Ceylonese rupee. Interestingly, the first currency of the Maldives was cowrie shells. It is a sea mollusk that lives in this latitude. The shells were used in commerce up until the 14th century. One golden dinar is worth 400 thousand cowries.Read More