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5 Laari

Issuer Maldives
Year 1970-1979
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Reference(s) KM#45b
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Obverse lettering 1979 ١٣٩٩
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Reverse lettering دولة جزر المالديف
5
ލާރި
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Additional information

The Maldives converted to a decimal currency system in 1947, replacing the old larin-based coinage, though the name "laari" itself survived as a direct linguistic descendant of the larin — a fishhook-shaped silver coin once used across the Indian Ocean trade network. By the 1970s, aluminium had become the practical choice for low-denomination island coinage, where heat, humidity, and salt air accelerate corrosion in most other metals. KM#45b is the aluminium iteration of a type that had previously circulated in bronze.

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