What Currency Is Used in Maldives?
The Maldives, an exquisite tropical paradise located in the Indian Ocean, is a popular tourist destination known for its crystal-clear turquoise waters, white sandy beaches, and vibrant marine life. As a traveler planning to visit this idyllic destination, it is essential to familiarize yourself with the local currency. In this article, we will explore the currency used in Maldives and answer some frequently asked questions about money matters in this beautiful archipelago.
The currency used in Maldives is the Maldivian Rufiyaa (MVR). The symbol for the Rufiyaa is ރ, and it is further divided into 100 laari. Banknotes are available in denominations of 5, 10, 20, 50, 100, 500, and 1000 Rufiyaa, whereas coins are available in denominations of 1, 2, 5, 10, 25, and 50 laari. When visiting Maldives, it is advisable to carry smaller denominations as it may be challenging to find change for larger notes, especially on smaller islands or in local markets.
Q: Can I use US dollars or other foreign currencies in Maldives?
A: While US dollars and some other major currencies are widely accepted in resorts, hotels, and tourist areas, it is recommended to use the local currency for transactions in local markets, shops, and restaurants. Additionally, using the Maldivian Rufiyaa will ensure that you receive fair prices and avoid any confusion with exchange rates.
Q: Where can I exchange my currency for Maldivian Rufiyaa?
A: Currency exchange facilities are readily available at the Malé International Airport, where you can convert your foreign currency to Maldivian Rufiyaa. Additionally, most resorts and hotels also provide currency exchange services. However, it is advisable to carry enough local currency for your immediate needs upon arrival.
Q: Can I use credit/debit cards in Maldives?
A: Credit and debit cards are commonly accepted in resorts, hotels, and major establishments in Maldives. However, it is recommended to carry sufficient cash, especially when visiting smaller islands or local markets, where card payment facilities may be limited.
Q: Are ATMs readily available in Maldives?
A: ATMs can be found on the main island of Malé and some resort islands. However, the availability of ATMs on smaller islands may be limited. It is advisable to withdraw sufficient cash when visiting smaller islands where ATMs may not be easily accessible.
Q: Should I tip in Maldives?
A: Tipping is not mandatory in Maldives, as a 10% service charge is often included in bills at hotels and restaurants. However, if you receive exceptional service, you may choose to leave a small tip as a token of appreciation.
Q: How much should I budget for my trip to Maldives?
A: The cost of a trip to Maldives can vary depending on factors such as accommodation type, activities, and duration of stay. On average, a mid-range budget for a week’s stay, including accommodation, meals, transportation, and activities, can range from $1500 to $2500 per person. However, costs can be reduced or increased depending on your preferences and choices.
In conclusion, the official currency used in Maldives is the Maldivian Rufiyaa (MVR). While US dollars and other major currencies are accepted in tourist areas, it is advisable to use the local currency for transactions in local markets and shops. Currency exchange facilities are available at the Malé International Airport and most resorts. Credit and debit cards are commonly accepted, but it is recommended to carry sufficient cash, especially on smaller islands. By being aware of these currency-related aspects, you can ensure a smooth and hassle-free experience during your visit to the stunning Maldives.