Maldives’ Exports Decline Nearly Eight Percent
The Maldives’ exports declined by 7.7 percent between January and November this year compared to the same period in 2023,...
Universal Enterprises Raises Concerns Over New Foreign Exchange Rules in Letter to MMA
Universal Enterprises Pvt Ltd, one of the Maldives’ largest hospitality companies, has formally voiced its opposition to the Maldives Monetary...
Tourism Mogul Mohamed Moosa Urges Suspension of Foreign Currency Rule
Mohamed Moosa, one of the most influential business figures in the Maldives and a pioneer in the nation’s tourism sector,...
Foreign Reserves Decline in September, Expected to Improve Going Forward
After an increase in foreign exchange reserves at the end of August, both gross reserves and usable reserves declined in...
Shahid Warns New Foreign Exchange Regulations Could Hurt Tourism Industry
Abdulla Shahid, former Foreign Minister and President of the opposition Maldivian Democratic Party (MDP), shared his apprehensions on Wednesday about...
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...
Central Bank Seeks Managing Directors for Key Areas
The Maldives Monetary Authority (MMA) has opened applications for managing director positions across five areas. This move comes as part...
Ahmed Munawar Appointed Governor of Maldives Central Bank
Ahmed Munawar has assumed the role of governor of the Maldives Monetary Authority (MMA). President Mohamed Muizzu made the appointment...
Munawar Outlines Policy Approach During Committee Vetting; Governor Nomination Green-Lit for Final Floor Vote
Abandoning control of the US dollar exchange rate in the Maldives will not be in the best interest of the...
Hashim Out Amid Opposition Dissent as President Muizzu Nominates Munawar for MMA Governor
President Mohamed Muizzu, upon parliamentary recommendation in accordance with Section 6(3) of the Maldives Monetary Authority Act (1981), has removed...
