Maldives Records Sharpest Decline in Reserves Over Past 12 Months
The Maldives’ reserves fell 21 percent, from US$622.1 million in May to US$492.2 million in July, statistics released by the...
April 2024 External Trade Brings MVR 310 Million in Revenue
Import levies and exports earned the state MVR 310 million this April, according to data released by the Maldives Customs...
IMF Welcomes Maldives’ Key Initial Steps, Advises Swift Implementation of Fiscal Reforms
The International Monetary Fund (IMF) lauded the decision by the Maldives to raise goods and services taxes (GST), saying the...
Maldives’ Import Expenditure Hit MVR 4.4 Billion in March
The Maldives imported goods worth MVR 4.4 billion in March 2024, according to customs data. Imports last month were 4...
Government Looking to Establish Currency Swaps With India, China; Pay for Imports in MVR
Consultations will be held with India and China, the largest importers to Maldives, with a view to allow for the...
Maldives’ Exports Grow 32% in November
The Maldives’ exports increased by 32 percent in November 2023 compared to the same period last year, according to data...
