MMA announces shortlisted proposals for new rufiyya note designs

The Maldives Monetary Authority (MMA) has announced the shortlisted candidates in a competition to design the new Maldivian currency notes.

Proposal 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 shortlisted candidates will present their proposal to the advisory committee on January 17, with the three best presentations given the opportunity to design the six notes to go into general circulation and the memorial note for 50 years of independence.

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.