01/01/2020: New Currency Symbol
A new currency symbol for the dobra, resembling the letters 'STD' with horizontal lines through them, was introduced for official use.
15/01/2019: Introduction of New Banknotes
New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.
24/05/2018: Dobra Pegged to Euro
The dobra's exchange rate was pegged to the euro, aiming to stabilize the currency and boost economic cooperation with the European Union.
01/01/2016: Introduction of Polymer Banknotes
São Tomé and Príncipe started issuing polymer banknotes as a means to enhance durability and reduce counterfeiting of the dobra.
01/09/2014: Introduction of Polymer Banknotes
Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.
01/07/2011: Redenomination of the Rufiyaa
The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.
01/01/2010: Currency Redenomination
The third dobra was introduced, with 1 new dobra equalling 1,000 old dobras, aiming to simplify transactions and boost confidence in the currency.
01/01/2002: Decimalization of the Rufiyaa
The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.
01/01/1997: Introduction of the New Dobra
A new currency, the 'second dobra,' was introduced at a rate of 1,000 to 1 to combat hyperinflation and stabilize the economy.
01/09/1983: Introduction of the Maldivian Rufiyaa
The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.
01/09/1981: Establishment of the Maldives Monetary Authority
The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.
24/12/1979: First Currency Devaluation
The first devaluation of the dobra occurred, reducing its value by 53% as a result of economic instability and inflation.
30/06/1977: Introduction of the Dobra
The São Tomé and Príncipe dobra was introduced as the official currency of the country after gaining independence from Portugal.
22/10/1947: Introduction of the Maldivian Rupee
The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.