International Flights to Maldives Jump 15% Compared to Pre-Pandemic Figures: MMA
The number of international flights to the Maldives in the third quarter (Q3) of this year increased by 15 percent...
SDF Deposits in 2023 Exceed MVR 886 Million
The Sovereign Development Fund (SDF) has received MVR 886.7 million so far this year, surpassing the earlier estimate of MVR...
Fish Exports Exceed 58,000 Metric Tonnes in Nine Months: MMA
The Maldives has exported 58,761 metric tonnes of fish as of September in 2023, according to data released by the...
1.2 Million Cards Issued Over 23 Years, MMA Says
Approximately 1.2 million cards have been issued to customers in the Maldives since the inception of card-based transactions 23 years...
Digital Payments Surge and Remittances Decline in Maldives, Data Reveals
The Payments Bulletin by the Payment Systems and Oversight Division (PSOD) of the Maldives Monetary Authority (MMA) has highlighted a...
Ali Hashim Becomes First Maldivian to Chair World Bank Group and IMF Boards of Governors
Ali Hashim, the Governor of Maldives Monetary Authority (MMA), has been chosen as the Chair of the Boards of Governors...
Maldives’ Credit Rating at B-,Outlook Negative, Says Fitch Ratings
Fitch Ratings has affirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a ‘negative outlook.’ In Fitch’s...
Over MVR10 Million Worth Transactions in 48 Hours: MMA
The Maldives Monetary Authority (MMA)’s instant payment system (IPS) ‘Favara’ saw 3,678 transactions, valued at a total of MVR10.6 million,...
VP Champions More Financial Sector Development
The country is in vital need of banks that can provide easier housing finance options and should embrace a more...
MMA Launches ‘Favara’ Instant Payment System
The Maldives’ central bank, Maldives Monetary Authority (MMA), has finally launched its Instant Payment System, ‘Favara,’ to facilitate fast, convenient,...
