The currency used in the Maldives is the Maldivian rufiyaa, abbreviated as MVR. The rufiyaa is divided into 100 laari. It was introduced in 1981, replacing the previous currency, the Maldivian laari. The rufiyaa plays a vital role in the Maldivian economy, which relies heavily on tourism as a key sector. Note that the value of the rufiyaa can fluctuate based on economic conditions, exchange rates, and trade balances. Tourists often exchange their currency for rufiyaa to make purchases and participate in local markets, ensuring the currency is a vital part of daily life in the Maldives.