Salvadoran colón of credit and demand of currency, and was also conferred the exclusive power to issue monetary kind. Because the colón replaced the peso at par, 1 and 5 centavos coins issued before 1919 continued to be issued without design change after the colón's introduction. In 1921, cupro-nickel 10 centavos were introduced, followed by silver 25 centavos in 1943. In 1953, silver 50 centavos were introduced alongside smaller silver 25 centavos. Both were replaced by nickel coins in 1970. In 1974, nickel-brass 2 and 3 centavos coins were introduced, followed by 1 colón coins in 1984. On August 31, 1934, the
Currency of Maldives first coins were of silver and fairly coarse. Later, coins of copper and lead were put into circulation. Gold coins were also struck by Sultan Hassan Nooraddin (1779-1799). Said to be the finest struck at the Maldive mint, the two denominations of gold coins issued by Sultan Hassan Nooraddin, known as the "mohori" and "bai mohori", were never put into circulation. The Maldivian unit of currency is the rufiyaa (ISO 4217 code MVR, symbol "Rf."), introduced in 1947. The rufiyaa is divided into 100 laari. On 1 February 2009, the exchange rate with the US dollar was USD1.00 = MVR12.80.