Fayyaz Pins Economic Collapse on Government Mismanagement, Criticises MMA Inaction
Opposition leader and Maldivian Democratic Party (MDP) Chairperson Fayyaz Ismail on Wednesday criticised the Maldives Monetary Authority (MMA) for remaining...
MMA Rules BML’s Acquisition of SDFC Illegal Under Banking Act
Maldives Monetary Authority (MMA) has determined that the Bank of Maldives (BML) acquired the SME Development Finance Corporation (SDFC) in...
MDP Seeks Urgent Meeting With Central Bank Governor as Dollar Hits Record High
The main opposition Maldivian Democratic Party (MDP) parliamentary group has formally requested a meeting with the Governor of the Maldives...
Dollar Hits Record MVR 20.20 in Black Market, Tops 2020 Pandemic Peak
The US dollar rose to a record MVR 20.20 in the black market on Thursday, surpassing its previous high during...
Official Reserves Fall by $40.5 Million in May
The Maldives’ official reserves fell by $40.5 million in May, latest central bank figures showed, as the country continues to...
Muizzu Orders Advance Payment for Rasmalé Reclamation from State Reserves or Indian Swap Facility
President Mohamed Muizzu has directed the Finance Ministry to make an advance payment for the stalled reclamation work at Fushidhiggaru...
Nasheed Warns of Record Dollar Surge as Central Bank Decides to Print MVR 15 Billion
Former President Mohamed Nasheed has criticised the Maldives Monetary Authority’s (MMA) decision to print nearly MVR 15 billion, warning that...
MMA Moves to Print Record MVR 15 Billion Despite Muizzu’s Pledge
The Maldives Monetary Authority (MMA) has reportedly decided to print nearly MVR 15 billion, the highest amount in the nation’s...
Opposition Leader Slams Government’s Plan to Print MVR 15 Billion
Fayyaz Ismail, Chairperson of the main opposition Maldivian Democratic Party (MDP), has strongly criticised the Mohamed Muizzu administration’s plan to...
Domestic Debt Increased More Than MVR 11 Billion Over Past Year
The Mohamed Muizzu administration has borrowed more than MVR 11 billion from the domestic market to cover its expenditure over...
