President nullifies MVR 5 banknotes issued prior to 10th May 2017
27 December 2017, Ref: 2017-481

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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The President's Office
Boduthakurufaanu Magu, Male' 20113
Republic of Maldives
Phone: (960) 332 3701 Fax: (960) 332 5500