MMA seeks design for new rufiyaa note for 50th anniversary of independence

The Maldives Monetary Authority (MMA) has invited designs for a new rufiyaa note to commemorate the upcoming 50th anniversary of independence next year.

The new cash notes series named ‘Rann Dhiha Faheh’ would also have increased security features, the central bank said.

An award of MVR300,000 has been announced for the best concept and design submitted for the new notes.

A futher MVR50,000 is to be awarded to the best design submitted for the memorial and celebratory cash note to mark the ‘Minivan 50,’ the slogan for the 50th anniversary.

Information sessions with interested parties are due to take place on September 11 and 13 with registration required before 2pm next Tuesday.