The Maldives Monetary Authority (MMA) has announced that newly printed MVR 100 and MVR 20 banknotes officially entered circulation on 17 February 2026, reinforcing the availability of physical currency across the country and supporting uninterrupted day-to-day financial transactions. The reprint was carried out in response to increasing demand for cash nationwide and the Authority’s ongoing efforts to replenish currency reserves while maintaining stability within the domestic monetary system.
According to the MMA, the new banknotes arrived in separate shipments earlier this month, with the MVR 100 note from the Ran Dhihafaheh series received on 2 February 2026 and the MVR 20 notes arriving on 15 February 2026. Both denominations bear the signature of Governor Ahmed Munawar and carry the official dates 31 July 2025 and 6 Safar 1447. The notes also continue to feature the Maldivian Rufiyaa symbol (Rf), which was first introduced in August 2017 as part of broader modernization efforts aimed at strengthening the national currency’s identity and recognition. Existing banknotes already in circulation will remain valid and will continue to circulate alongside the newly issued supply.
The announcement follows recent reports of limited availability of MVR 20 notes in several parts of the country, which had affected routine cash transactions for businesses, financial institutions, and consumers. The shortage became more noticeable in recent weeks as cash withdrawals increased ahead of the Ramadan period, a time traditionally associated with higher consumer spending and charitable activities. Lower denomination notes such as MVR 20 typically experience faster circulation cycles and greater physical wear, contributing to the need for more frequent replenishment.
The MMA confirmed that the newly received shipment of MVR 20 notes was secured on 15 February 2026 and has since been distributed through the national banking system. With the gradual release of the new banknotes into circulation, the Authority expects supply pressures to ease and normal cash availability to stabilize across islands and commercial centres in the coming days.
By introducing additional currency into circulation, the Maldives Monetary Authority aims to ensure sufficient liquidity within the cash economy, facilitate smoother commercial exchanges, and preserve the quality and reliability of Maldivian banknotes used daily by residents and businesses. The initiative reflects continued monetary management efforts to support economic activity, maintain public confidence in the national currency, and ensure that financial transactions remain efficient and accessible throughout the country.
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