The ISO 4217 code for Maldivian rufiyaa is MVR. The most commonly used symbols for the rufiyaa are MRF and Rf. In this period, the first coins denominated in rufiyaa were struck. The rufiyaa is divided into 100 laari. In 1995, 2 rufiyaa coins were introduced. In 1960, coins denominated in laari, now worth one hundredth of the rufiyaa, were introduced. Ukulhas community spends more than 1.5 million rufiyaa each year for the program. The rufiyaa is subdivided into 100 "laari". For purchasing power parity comparisons, the US dollar is exchanged at 12.85 rufiyaa only. In 1951, 50 and 100 rufiyaa banknotes were introduced.