The Maldives Monetary Authority has announced the release of a new stock of MVR 100 banknotes in response to a growing shortage of the denomination in circulation.
The authority said the new notes will be issued under the existing Ran Dhihafaheh series and will circulate alongside current MVR 100 notes, all of which will continue to remain legal tender. The move is intended to address supply constraints while ensuring continuity in cash usage.
This is not the first time the central bank has intervened to manage availability of the denomination. A similar release of MVR 100 notes took place early last year, with those banknotes entering circulation in January after reserves were observed to be running low.
The Ran Dhihafaheh series was first introduced in January 2016 as part of a broader update to the country’s currency system. The series reflects a shift towards improved durability, easier handling, and stronger security features.
Among the security enhancements included in the MVR 100 note are elements that are only visible under ultraviolet light, such as the serial number and face value denomination, which are not detectable under normal lighting conditions. These features are designed to reduce the risk of counterfeiting while maintaining consistency with existing notes.
Maldives Monetary Authority did not indicate any changes to the design theme or usage of the denomination, noting that both newly issued and existing notes will continue to circulate together.
