It should have been a coin: new bank note not what was expected – Coin World

A new Maldives 5-rufiyaa bank note was introduced by the Maldives Monetary Authority on May 10. It will enter circulation in July. The announcement came as a bit of a surprise because last year the authority said this denomination, the equivalent of only 6.5 U.S. cents, would be in the form of a coin.

The 5-rufiyaa note is the lowest paper currency denomination in the Republic of Maldives. The other current series of notes, introduced in January 2016 are 10, 20, 50, 100, 500, and 1,000 rufiyaa. All notes measure 150 by 70 millimeters, are made of the Safeguard polymer substrate, and are printed by De La Rue.

The new issue is designed by Abdulla Nashaath, who created all of the notes introduced last year, as well. The theme of the series is “Maldives and the Maldivian people.”

The face side of the 5-rufiyaa note has the distinction of portraying a man without a face visible in the design (the note design fades out to featureless above the chin and jawline). It is said to be the famed Maldivian soccer player and national team captain Ali Ashfaq, also known as Dhangadey, who is apparently easy for his countrymen to identify from the neck down. The sport was chosen as a theme because of its wide popularity as both a spectator and participatory sport

Full details are available from the link below:


Source URL: Google News

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of