Money Matters    

Capital Concerns

Discover essential information about currency exchange and banking services in the Maldives. The local currency is the Rufiyaa, with 1 Rufiyaa equivalent to 100 Laari. Major currencies are widely accepted, and most resorts, hotels, and shops offer money exchange and accept credit card payments. The Bank of Maldives and other major banks provide banking services across the country, including ATM facilities in key locations such as Male’, Hulhumale, and Vilimale. Enjoy convenient access to currency and banking services throughout your stay in the Maldives.

 
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Currency exchange options in the Maldives

When planning your trip to the Maldives, understanding currency exchange is essential. While the local currency is the Rufiyaa, you’ll find that many businesses accept major foreign currencies, making transactions convenient for travelers. 

Currency/Money Exchange
The Local currency in Maldives is Rufiyaa. 1 Rufiyaa is 100 Laari. The Rufiyaa is in denominations of 1000, 500, 100, 50-, 20-, 10- and 5-Rufiyaa notes, 1- and 2-Rufiyaa coins and 50, 25, 10, 5, 2 and 1 Laari coins. One US$ is equivalent to approximately 15.42 Rufiyaa. All resort islands, hotels, guest house and most major shops and restaurants are authorized money changers and can accept payments in most major currencies and by credit card, debit card. The Bank of Maldives Airport Branch located at the arrivals terminal also offers money changing services. If you are in need of Maldives Rufiyaa while in capital city, banks would be the most convenient option
Banks
The Bank of Maldives Limited (BML) is the national bank and has several branches in the capital Male’,Hulhumale, Vilimale. The Bank also has branches in some of the other major Atolls in the country, such as Seenu Atoll Hithadhoo, Haa Dhaalu Atoll Kulhudhufushi and Lhaviyani Atoll Naifaru and several other Islands. There is also branch of the bank at Velana International Airport. Several other banks are also operated in the Maldives including HSBC, Bank of Ceylon, State Bank of India, Mauritius Commercial Bank. Maldives Islamic Bank, Habib Bank Ltd.
Automatic Teller Machine (ATM) Services
Most of the banks represented in Maldives provide automatic teller machine (ATM) services. There are several Bank of Maldives ATMs and ATMs of other banks conveniently located at several key points in Male’ city, Hulhumale, Vilimale and in several other islands, which offer regular ATM services as well as credit card services for some major credit cards.
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