MVR 80 Billion Worth of T-Bills Issued So Far
Around MVR 80 billion worth of Treasury Bills (T-bills) and Treasury Bonds (T-bonds) have been issued by the government, it...
Loans Outstanding Rise to MVR 40 Billion in December: MMA
Banks and financial institutions have issued MVR 40 billion worth of loans to private businesses and individuals, according to the...
Government Walks Back Decision to Raise Limit for Students Abroad, Acknowledges USD Shortage
The administration’s decision to increase the per month US Dollar (USD) withdrawal limits for students, with Bank of Maldives (BML)...
Government Secures MVR 2.1 Billion Through T-Bill Issue
The Ministry of Finance announced on Monday that it has secured MVR 2.1 billion through Treasury Bill (T-bill) sales as...
Maldives’ Budget Chief Resigns
Ahmed Saruvash Adam, Chief Financial Budget Executive at the Ministry of Finance, who is chiefly responsible for the formulation of...
Government’s Decision to Increase BML Card Limits in Doubt Amid Dollar Shortage
The government’s recent decision to raise the monthly transaction limit of Bank of Maldives (BML) debit and credit cards to...
Government Working to Sort USD Exchange Rate Issue: Minister Saeed
Minister of Economic Development and Trade Mohamed Saeed has said that the government is already working to address the US...
BML Confirms Continued USD Support Amid Speculation of Unsustainability
The Bank of Maldives (BML) has refuted claims that it might be looking to stop or limit US Dollar (USD)...
Maldives Establishes MIFSA to Introduce Offshore Financial Services
President Mohamed Muizzu, under the powers vested in him under the Special Economic Zones (SEZ) Act of 2014, has established...
Upwards of MVR 12 Billion Spent on PSIP Projects in 2023
More than MVR 12 billion was spent on Public Sector Investment Programme (PSIP) projects, or development projects, last year. According...