Maldivian rufiyaa in Pakistani Rupee

MVR Maldivian rufiyaa

Country of application:
Maldives

Coin denominations in circulation:
1, 2, 5, 10, 25, 50 lari, 1 and 2 rufiyaa.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100, 500 and 1000 rufiyaa.

History reference:
The monetary unit of the Republic of Maldives at the moment is the Maldivian rufiyaa. The territory of the state is a ridge of more than 20 island formations of coral origin, which also consist of mo...re than a thousand smaller islets-atolls. The ridge of the Maldives archipelago stretches in a line from north to south. The total land area is approximately 300 square kilometers. Previously, the Maldivian rufiyaa was extremely poorly protected, and rampant diversification created unfavorable economic tariffs within the state, later protection systems were developed - watermarks and perforations. Money is printed on paper, which is purchased by America for the production of dollars, in addition, a wide range of colors is used in production. Banknotes are very small. Rufiyaas are used only within the country and are not in circulation in other countries of the world

PKR Pakistani Rupee

Country of application:
Pakistan

Coin denominations in circulation:
1, 2, 5, 10 rupees.

Denominations of banknotes in circulation:
10, 20, 50, 100, 500, 1000 rupees.

History reference:
The Pakistani rupee is the national currency and money of the Islamic Republic of Pakistan. Appeared in 1948 instead of the Indian rupee during the partition of British India. The very name of the ru...pee (translated as "forged silver") refers to Ancient India 5-4 centuries BC. In the 80s and 90s of the twentieth century, the Pakistani rupee was subject to significant inflation. Already by 2001, the exchange rate of the local currency against the US dollar was 63 to 1. Although, for example, in 1982 this ratio was at the level of 12.7 rupees per US dollar. For ten years from 1980 to 1990, the monetary unit of Pakistan lost its value by about 7% per year, and already in the first half of the 90s, the inflation rate almost doubled - 11% per year.