Government Reportedly Utilised ‘Significant’ Portion of SDF Funds
The Mohamed Muizzu administration has utilised a significant portion of deposits in the Sovereign Development Fund (SDF), local media sources…
Maldives, India Sign US$400 Million Currency Swap Agreement
The Maldives and India entered into a US$400 million currency swap agreement on Monday as both countries seek to revive…
MATI Slams MMA for Ignoring Concerns in New Foreign Exchange Regulations
The Maldives Association of Tourism Industry (MATI) has criticised the Maldives Monetary Authority (MMA) for implementing amendments to the Foreign…
Fayyaz Voices Concerns Over New Foreign Exchange Regulations for Tourism Industry
Fayyaz Ismail, the opposition leader and chairperson of the Maldivian Democratic Party (MDP), has expressed concerns about the government’s newly…
Maldives Prioritises Exchange Reforms, Mandates Fixed USD Exchange for Tourists
The Maldives Monetary Authority (MMA) on Tuesday gazetted new regulations requiring tourism establishments to exchange foreign currency at fixed amounts…
MIRA Collects MVR 639 Million in Revenue; Receivables Exceed MVR 10 Billion
The Maldives Inland Revenue Authority (MIRA) has collected MVR 639 million in taxes and other revenue, according to the agency’s…
Ex-President Yameen Slams BML for Issuing Excessive Funds to Government
Former President Abdulla Yameen Abdul Gayoom has said that the Bank of Maldives (BML) is at imminent risk due to…
Government Secures MVR 800 Million Loan to Pay Salaries
The government has taken out a loan of MVR 800 million to pay the salaries of public sector employees this…
MMA Urges Tourism Industry to Retain Higher Percentage of USD Revenue Within Banking System
The Maldives Monetary Authority (MMA) has held closed-door discussions with the tourism industry with a view to increasing the amount…
Habeeb Named BML Chair; New Directors Appointed
The Bank of Maldives (BML) on Saturday announced the appointment of new directors and a chairperson to its Board of…
