The Maldives Monetary Authority (MMA) has announced the three proposals shortlisted for the competition to design the new Maldivian currency notes.
The shortlisted proposals were presented by Abdulla Nashath, Afzal Shafium, and the team of Mohamed Rassam, Hussein Shihab, and Ali Nishaf Rasheed. These three parties will present their designs on February 25.
Proposals for the new notes to be released on the occasion of the 50th anniversary of Maldivian independence were evaluated by an advisory committee of 13 members comprising of representatives from various technical fields including history, art, language, and economics.
The MMA board of directors will make the final decision on which designs will be printed after considering the evaluation of the advisory committee.
After initially inviting designs for notes in September, the MMA extended the November 30 deadline for one month after concluding that the 60 submitted designs were all unsuitable for bank notes.