Convert Maldivian Rufiyaa to Turkish Lira
Please provide values below to convert Maldivian Rufiyaa [MVR] to Turkish Lira [TRY], or Convert Turkish Lira to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Turkish Lira
1 MVR = 0.381749079516428 TRY
Example: convert 15 MVR to TRY:
15 MVR = 15 × 0.381749079516428 TRY = 5.72623619274642 TRY
Maldivian Rufiyaa to Turkish Lira Conversion Table
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Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.