President Abdulla Yameen Abdul Gayoom- File Photo: PSM
President Abdulla Yameen Abdul Gayoom has by decree, nullified the legal tender of Maldives issued prior to 10th May 2017, of values MVR 5, effective from Monday, 1st January 2018.
The Maldives Monetary Authority (MMA) will exchange the banknotes series which fall within those denominations, on submission to the Authority before 31st July 2021.
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