Author Topic: Maldives: New Family of Polymer Banknotes to be Introduced in 2015  (Read 1783 times)

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Offline Bimat

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MMA receives 60 designs for new bank notes

Shan Mohamed Anees, Haveeru Online
Nov 05, 2014 - 09:50

The Maldives Monetary Authority (MMA) has received 60 design proposals for a new series of bank notes the Central Bank will introduce in 2015.

The new series of bank notes, which will be introduced next year in commemoration of Maldives’ 50th Independence Day, are more durable and more secure, the MMA said on Wednesday.

According to the MMA, introducing a fresh batch of notes is necessary to include more advanced security measures within the notes.

55 designers had submitted their proposals and the MMA would announce their decision after having assessed the proposals.

The designer who had submitted their designs with the best concept stands to win MVR 300,000 and the designer who had submitted the best design stands to win MVR 50,000.

The current series of banknotes was issued in 1983 for MVR 2, 5, 10, 20, 50 and 100. In 1990, the MVR 500 notes were introduces and MVR 2 note was replaced with a coin.

Maizan Hassan Manik had illustrated the notes.

Source: Haveeru
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Offline Bimat

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Re: Maldives: New Family of Polymer Banknotes to be Introduced in 2015
« Reply #1 on: May 16, 2015, 08:25:58 AM »
The Maldives Monetary Authority announces new banknote family on De La Rue's Safeguard® polymer substrate

12 May 2015

The Maldives Monetary Authority (MMA) has announced that it will be launching a new family of 7 banknotes on Safeguard.  The first denomination – a commemorative new high value 5,000 Rufiyaa – will be launched at the end of July.  The other circulating denominations – 10, 20, 50, 100, 500 and new 1,000 Rufiyaa – will follow from October 2015 onwards

The Maldives Monetary Authority has selected Safeguard for the first entirely new series of banknotes to be issued in Maldives for over 30 years. The MMA held a design competition to select a local artist to work alongside De La Rue’s banknote designers in the realisation of these new notes.  Abdullah Nashaath was the winning artist, selected from a large number of high standard entries and his involvement will ensure that the new family, called Randhihafaheh, has an authentically Maldivian look.

The first denomination to be launched will be a commemorative 5,000 Rufiyaa at the end of July followed by the circulating denominations of 10, 20, 50, 100, 500 and 1,000 from October onwards.  The existing 5 Rufiyaa will be converted to coin and the 1,000 Rufiyaa is a new high value at the top of the denominational scale.

Commenting on the announcement, Governor Dr Azeema Adam said ‘We are very excited to be introducing these modern polymer banknotes and we are sure that the people of the Maldives will be pleased with their new notes.  We are grateful for all De La Rue’s expertise and assistance as we undertake this important project”.

The choice of Safeguard as the substrate throughout the entire new family represents a first for De La Rue. “We are so pleased that the Maldives Monetary Authority has entrusted us with their new banknote series and are very much enjoying working closely with them towards the launch of these beautiful notes” said Ruth Euling, Sales Director of De La Rue.

Source: De La Rue (Press Release)
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Jostein

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Re: Maldives: New Family of Polymer Banknotes to be Introduced in 2015
« Reply #2 on: November 01, 2015, 08:35:14 PM »
New banknote series already launched:

http://www.mma.gov.mv/RDF/security.html

Here are some of the other presented designs:
http://www.mma.gov.mv/RDF/design-details.html

Really good designs, the best one won in my opinion.

 ;)
"Change is the law of life. And those who look only to the past or present are certain to miss the future" - John F. Kennedy

http://www.bimetallic-coins.com

Online eurocoin

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Re: Maldives: New Family of Polymer Banknotes to be Introduced in 2015
« Reply #3 on: November 01, 2015, 08:41:27 PM »
Very nice designs indeed. I don't like the 50 and 100 Rufiyaa banknotes though, I think it's strange that they only depict half the face of the person that is sitting.
« Last Edit: November 02, 2015, 10:15:00 AM by Niels »

Offline Pabitra

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Re: Maldives: New Family of Polymer Banknotes to be Introduced in 2015
« Reply #4 on: November 02, 2015, 12:49:55 AM »
I think it's strange that they only depict half the face of the person that is sitting.

In Islam, human faces are generally avoided due to traditional reasons.
« Last Edit: November 02, 2015, 10:15:13 AM by Niels »

Offline malawi

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Re: Maldives: New Family of Polymer Banknotes to be Introduced in 2015
« Reply #5 on: November 02, 2015, 09:51:12 AM »
beautiful!
I love these new banknotes !

Offline Bimat

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Maldives: New Family of Polymer Banknotes to be Introduced in 2015
« Reply #6 on: January 27, 2016, 05:59:24 AM »
The new series was introduced yesterday.

Press Release: http://www.mma.gov.mv/PR-MCU-2016-3.pdf (NOT in English!)

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.