Maldives · Banking & Payments

Maldives Monetary Authority (MMA)

Name: Maldives Monetary Authority (MMA)
Brand: Maldives Monetary Authority (MMA)

Up to date as of October 23, 2026

The Maldives Monetary Authority is the central bank, publishing the official exchange rate of the rufiyaa (MVR) and rules on foreign currency.

What it helps with

Knowing a fair rateOfficial rate.
Paying on local islandsRufiyaa needed.
Finding licensed changersAuthorised dealers.

About Maldives Monetary Authority (MMA):

The rufiyaa is managed within a narrow band against the US dollar. Resorts and many tourist businesses price in dollars, while local shops, ferries and cafés in Malé and local islands use rufiyaa.

Key Features:

Official exchange rate: Rufiyaa against major currencies.
Currency rules: Foreign exchange regulations.
Licensed money changers: List of authorised dealers.

How to Get Started:

Open mma.gov.mv.
Check the official exchange rate.
Change money only at banks or licensed dealers.
Keep receipts for large exchanges.

Before you use it

Payment: US dollars are accepted at resorts; on local islands, small shops may give change in rufiyaa.
Good to know: Bank of Maldives ATMs dispense rufiyaa; foreign card fees apply.

Foreign card OK English available

Frequently Asked Questions

Does Maldives Monetary Authority (MMA) work with a foreign bank card in Maldives?: Yes — Maldives Monetary Authority (MMA) accepts foreign-issued cards in Maldives.
Is Maldives Monetary Authority (MMA) available in English?: Yes, Maldives Monetary Authority (MMA) has an English-language interface.
Do I need a local phone number to use Maldives Monetary Authority (MMA)?: No, an international phone number generally works for Maldives Monetary Authority (MMA).
Do I need local ID or residency for Maldives Monetary Authority (MMA)?: No, Maldives Monetary Authority (MMA) doesn't require local ID or residency for visitors.
Where can I use Maldives Monetary Authority (MMA)?: Web
How much does Maldives Monetary Authority (MMA) cost?: Free information