The local currency is Rufiya, and US$ 1.00 is equivalent to approximately 12.75 Rufiya, all major currencies are accepted widely in the country. One Rufiyaa is equivalent to 100 laarees. Rufiyaa bank notes come in denominations of 5, 10, 20, 50, 100 and 500. Coins are in the denominations of MRf.2.00, MRf.1.00, 50 laarees, 20, 10, 5, 2 and 1 laaree. The US Dollar is the most commonly used foreign currency. Payments in the resorts and hotels can be made in most hard currency in cash, travellers’ cheques or credit cards. Commonly used credit cards are American Express, Visa, Master Card, Diners Club, JCB and Euro Card.

Banking hours are Sunday to Thursday: 08 am to 1:30 pm. Foreign currency can be exchanged at any authorized moneychanger at the banks in Male’. It can be exchanged at the airport on arrival or at the resort.