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5 Laari

Issuer Maldives Monetary Authority
Year 2012
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Reference(s) KM#114, Schön#A30
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Obverse lettering 2012 ١٤٣٣ MMA
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Edge Reeded
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Additional information

The Maldives Monetary Authority was established in 1981, replacing the Maldives Monetary Board and centralizing the island nation's currency management for the first time under a formal central banking framework. The 5 laari aluminum piece has remained a practical necessity in a country where small-denomination transactions — particularly in local fish markets and ferry services — still demand low-value coinage despite the tourism sector's heavy reliance on US dollars alongside the rufiyaa.

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