Maldivian rufiyaa

The laari is a coin denomination issued by the Maldives as the subdenomination of the Maldivian rufiyaa since 1960.

A highlight of Mahloof's first term in the Majlis was his decision to forego a controversial Maldivian rufiyaa 20,000 Committee Allowance package remuneration for Parliamentarians.

Its primary functions are to issue currency, regulate the availability of Maldivian rufiyaa (MVR), promote its stability, manage licenses, supervise and regulate institutions in the financial sector, formulate and implement monetary policy and to advise the government on issues relating to the economy and financial systems.

The act mandates the state to provide a monthly financial benefit of not less than Maldivian Rufiyaa (MVR) 2,300 ($150) to each registered individual.