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Economy

Past years’ records show a steady average annual growth of the Maldives economy. Tourism is the main industry, contributing close to 20% of the GDP. Fisheries and trade follow close behind. The Maldivian economy is regarded as exemplary in the region and welcomes foreign investment.

Industries:
  1. Boat Building
  2. Coconut processing (toddy making, sugar making …)
  3. Fishing (mostly pole and Line)
  4. Fish processing
  5. Garment manufacturing
  6. Handicraft making
  7. Mat Weaving
  8. Rope Making
  9. Shipping
  10. Thatch Weaving
  11. Tourism
  12. Construction

Currency:

Maldivian Rufiyaa (MVR) and Laari (L) (1 Rufiyaa – 100 Laaris)
Rufiyaa bank notes come in denominations of 5, 10, 20, 50, 100 and 500
Coins are in the denominations of MRf 2, MRf 1 and 50 L
Payments of most hard cash currencies are accepted at all resorts and hotels

Commonly Used Credit Cards

 
  1. America Express
  2. Visa
  3. Master Card
  4. Diners Club
  5. JCB
  6. Euro Card

 

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