Maldives Monetary Authority (MMA) has launched the new currency symbol for Maldivian Rufiyaa.
The new symbol for the local currency was launched during a special ceremony held on July 3. The symbol was officially unveiled by Minister of Environment, Climate Change and Technology Aminath Shauna.
Speaking at the ceremony, Minister Shauna stated it is an honour for the Maldives to be among about 50 countries who have a unique symbol for their local currency. She said the use of a modified letter of the Dhivehi language for the symbol is an important breakthrough in the efforts to preserve and promote the language.
Speaking at the ceremony, Governor of MMA Ali Hashim said the new currency symbol will be used in all new banknotes released by the authority. The governor added MMA also plans to conduct several activities and programmes to familiarise the public with the new symbol and to facilitate the use of the symbol in digital formats.
MMA stated the guideline on how to use the new currency symbol and other information regarding the symbol will be available through the website of the authority.
The new symbol of Maldivian Rufiyaa was selected from a design competition opened by MMA last year. The winning design was prepared by Hassan Shujau, who received a plaque of acknowledgement during the launching ceremony.