The Maldivian currency is the Rufiyaa and Laaree. The exchange rate for US Dollar at the time of writing is MRf.11.72 for the dollar. One Rufiyaa is equivalent to 100 laarees. Rufiyaa bank notes come in denominations of 2, 5, 10, 20, 50, 100 and 500. Coins are in the denominations of MRf.2.00, MRf.1.00, 50 laarees, 20, 10, 5, 2 and 1 laaree. The US Dollar is the most commonly used foreign currency.