Usable reserves in the Maldives dropped to USD 67 million in June, down USD 4 million from the previous month, according to the Maldives Monetary Authority (MMA). In April, reserves... read more →
Today, a human error during payment processing led to erroneous credits in some Bank of Maldives accounts. The affected accounts have been identified, and the reversals have now been processed.... read more →
The Maldives Monetary Authority (MMA) has reported a substantial decrease in usable reserves, which fell to USD 67 million in June, down USD 4 million from the previous month. This... read more →
President Dr. Mohamed Muizzu has appointed Ahmed Munawar as the new Governor of the Maldives Monetary Authority (MMA). Munawar's appointment follows the recent dismissal of his predecessor, Ali Hashim, based... read more →
Ahmed Munawar, nominated as the next Governor of the Maldives Monetary Authority (MMA) by President Dr. Mohamed Muizzu, emphasized the urgent need for austerity measures during his address to the... read more →
Minister of Economic Development and Trade, Mohamed Saeed, announced the introduction of RuPay cards in the Maldives by the end of August. This initiative is part of the government's strategy... read more →
Minister of Tourism Ibrahim Faisal announced that the government has recovered USD 5 million (MVR 77.1 million) in outstanding tourism receipts in the past 17 days. During the Independence Day... read more →
At the 59th Independence Day celebrations held at the Social Centre, President Dr. Mohamed Muizzu emphasized the significant support from India and China in managing the Maldives’ foreign debt. He... read more →
Introduction The Maldives Monetary Authority (MMA) conducts the Quarterly Business Survey (QBS) to gauge current business trends and forecast future economic activities. This report focuses on the findings from Q2... read more →
Beijing, China - The Maldives is actively seeking crucial financing for its major economic projects through high-level discussions with the Export-Import Bank of China (Exim Bank). This initiative is a central... read more →