The Maldives Monetary Authority (MMA) has brought in a new stock of MVR 20 banknotes in response to a growing shortage in circulation. In a statement issued on Saturday, the central bank confirmed tha...
The Maldives Monetary Authority (MMA) has brought in a new stock of MVR 20 banknotes in response to a growing shortage in circulation.
In a statement issued on Saturday, the central bank confirmed that the latest batch of MVR 20 notes arrived in the Maldives on 15 February.
The move comes shortly after a similar intervention to address a shortage of MVR 100 banknotes, for which a new supply was imported earlier this month.
The newly arrived notes are part of the “Ran Dhihafaheh” series the current generation of Maldivian currency first introduced in January 2016.
The series marked a significant upgrade in the design of the national banknotes, incorporating improved durability, enhanced security features and greater ease of use.
MMA’s latest measure is aimed at easing cash flow pressures and ensuring smoother circulation of smaller denomination notes across the country.
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