Business

Banks

The Bank of Maldives is the national bank and has several branches in Male’. The Bank also has branches in some of the other major population centers such as Seenu Atoll Hithadhoo, Haa Dhaalu Atoll Kulhudhufushi and Lhaviyani Atoll Naifaru. There is also a branch of the bank at Malé International Airport.

ATMs

Most of the banks represented in Malé provide automatic teller machine (ATM) services. There are several Bank of Maldives ATMs and ATMs of other banks conveniently located at several key points in Malé, which offer regular ATM services as well as credit card services for some major credit cards.

Currency/Money Changers

The local currency is the Rufiyaa. A Rufiyaa is 100 Laari. The Rufiyaa is in denominations of 500, 100, 50, 20, 10 and 5 Rufiyaa notes, 1 and 2 Rufiya coins and 50, 25, 10, 5, 2 and 1 Laari coins. The exchange rate as of December 2004 is MRf. 12.75 against the United States Dollar. All resorts, hotels and most major shops and restaurants are authorized money changers and can accept payment in most major currencies and by credit card.

The Bank of Maldives Airport Branch located at the arrivals terminal also offers money changing services. If you are in need of Rufiyaa while in Malé, banks would be the most convenient

Important Business Addresses

Foreign Investment Services Bureau
4th Floor, Ghazee Building, H. Male’
Tel: +960 332 8754
Fax: +960 332 3756
Email: [email protected]

Maldives National Chamber of Commerce & Industry
G. Viyafaarihiyaa,
Ameenee Magu, Male’
Tel: +960 331 0234
Fax: +960 331 0233
Email: [email protected]

Maldives Association of Tourism Industry
H. Deens Villa, Meheli Goalhi, Male’
Tel: +960 331 8708/332 6640/332 1701
Fax: +960 332 6641
Email: [email protected]

Maldives Tourism Promotion Board
3rd Floor, H. Aage,
12 Boduthakurufaanu Magu, Male’
Tel: +960 332 3228
Fax: +960 332 3229
Email: [email protected]
Website: www.visitmaldives.com