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5 Rufiyaa

Issuer Maldives Monetary Authority
Year 1999-2011
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Reference(s) P#18
Obverse description A traditional Maldivian dhow under full sail occupies the right portion of the obverse, rendered in intaglio against a fine guilloche underprint. Two cowrie shells appear at the lower left, symbols of the historic Maldivian currency. Serial numbers are printed in vertical orientation along the left margin and in horizontal format at the lower right.
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Variants P#18a - 1998
P#18b - 2000 with Printer's name at lower center on back
P#18c - 2000 without Printer's name at lower center on back
P#18d - 2006
P#18e - 2011
Comments

Thomas De La Rue had printed Maldivian currency since the island nation established the Monetary Authority in 1981, making this a long-standing contract relationship rather than a one-off commission. The 1999 series to which this note belongs was the Authority's first major redesign in over a decade, updating security specifications across all denominations simultaneously. The 5 Rufiyaa occupied the lowest tier of the polymer-free issues in this series — all other regional central banks of comparable size were already transitioning to polymer substrates by this point, but the MMA retained cotton stock throughout the series run.

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