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Laari

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Not to be confused with the Georgian lari, Maldivian larin, or Larin.
2012 laari reverse

A 1 laari coin from 2012

The laari (Maldivian: ލާރި) is a coin denomination that has been used as the subunit of the Maldivian rufiyaa since 1960, with one rufiyaa equaling one hundred laari. Its name is derived from the Maldivian larin, which itself came from the name of fish hook money used around the Arabian Sea.

In 1960, Sultan Muhammad Fareed Didi of the Maldives (1901–1969) authorized the production of coins denominated at 1, 2, 5, 10, 25, and 50 laari at the Royal Mint in Tower Hill, London. Minting of the 2 laari piece ceased in 1979, but the other denominations continue to be circulated in the Maldives. They are issued by the Maldives Monetary Authority.

ReferencesEdit

 v · d · e
Maldivian rufiyaa
Banknotes ½ R1 R2 R5 R10 R20 R50 R100 R500 R
Coins 1 l2 l5 l10 l25 l50 l1 R2 R5 R10 R20 R25 R50 R100 R250 R500 R1,000 R
Miscellaneous De La RueLaariMaldives Monetary AuthorityRoyal MintRupee

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