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...
Government Issues Treasury Bills Worth Over MVR 4 Billion
Treasury bills worth MVR 4.2 billion have been offered on sale, with the Ministry of Finance issuing bills worth MVR...
Finance Ministry Defends Reversal of Unsolicited Proposals Policy
The Ministry of Finance has defended its decision to reverse the annulment of the previous government’s Unsolicited Proposals Policy (USP...
