The Rufiyaa is the official currency of the Maldives, an island nation in the Indian Ocean. It is abbreviated as MVR and is subdivided into 100 laari. The currency is issued by the Maldives Monetary Authority and is used for all transactions within the country. The Rufiyaa comes in both coins and banknotes, with various denominations available. Coins are typically found in 1, 2, 5, 10, 25, and 50 laari, while banknotes are available in 20, 50, 100, 500, and 1,000 Rufiyaa. The design of the currency often features images of important cultural and historical figures from the Maldives.