What Happens to Worn-Out Maldivian Banknotes?

The Maldives Monetary Authority (MMA) launched a competition for designing souvenirs and artwork using shredded banknote particles from worn-out currency. Destroying currency is illegal, but the MMA shreds damaged notes as part of disposal. In 2025, 938,033 damaged banknotes were shredded. The registration deadline has been extended to May 31, 2026. The initiative aims to promote recycling and sustainability.

The Maldives Monetary Authority (MMA) launched a competition for designing souvenirs and artwork using shredded banknote particles from worn-out currency. Destroying currency is illegal, but the MMA shreds damaged notes as part of disposal. In 2025, 938,033 damaged banknotes were shredded. The registration deadline has been extended to May 31, 2026. The initiative aims to promote recycling and sustainability.

The Maldives Monetary Authority (MMA) launched a competition for designing souvenirs and artwork using shredded banknote particles from worn-out currency. Destroying currency is illegal, but the MMA shreds damaged notes as part of disposal. In 2025, 938,033 damaged banknotes were shredded. The registration deadline has been extended to May 31, 2026. The initiative aims to promote recycling and sustainability.

This story involves 1 source and may affect public understanding of currency / art.