The Maldives Monetary Authority (MMA) has announced that a new batch of MVR 10 banknotes will be released into circulation starting April 1, as part of efforts to address shortages and replace worn-out currency in the system.
According to the central bank, the newly printed notes belong to the “Ran Dhihafaheh” series, with the latest batch delivered to the MMA earlier today. The release comes in response to the high demand for lower-denomination notes, which are widely used in everyday transactions.
Officials noted that the MVR 10 note plays a key role in commercial exchanges, particularly when providing change. Due to its frequent use, the note tends to wear out faster than higher denominations. Additionally, smaller-value notes are less likely to be redeposited into banks, making it more difficult for authorities to collect and recirculate them.
The latest issue marks the third printing of the MVR 10 note under the current series. The first version was issued in October 2015 under former governor Azeema Adam, followed by a second print in March 2018 signed by former governor Ahmed Naseer.
The new notes are dated July 31, 2025, and bear the signature of the current MMA Governor Ahmed Munawar. One of the notable updates includes the addition of the Maldivian Rufiyaa symbol (ރ) on both sides of the banknote, positioned near the face value.
Despite the introduction of the new batch, the MMA confirmed that existing MVR 10 banknotes will remain legal tender and will continue to circulate alongside the newly issued notes.
The central bank said it regularly releases new currency to meet demand and maintain the quality of notes in circulation. With the current series now in use for over a decade, the number of MVR 10 notes classified as worn or damaged has increased significantly.
Officials say the latest issuance is part of ongoing measures to ensure sufficient cash supply across the economy while maintaining acceptable standards for banknote quality.
