MMA Urges Tourism Industry to Retain Higher Percentage of USD Revenue Within Banking System
The Maldives Monetary Authority (MMA) has held closed-door discussions with the tourism industry with a view to increasing the amount...
Aishath Sajny Resigns from Bank of Maldives Board Amid Leadership Turmoil
Aishath Sajny, one of the government’s representatives on the Board of Directors of the Bank of Maldives (BML), has resigned...
Ex-President Yameen Slams Government for Politicising Banks
The Mohamed Muizzu administration is politicising the Bank of Maldives (BML) to unhealthy levels, and the Governor of the Maldives...
MMA Reassures on Debt Repayment After Moody’s Downgrade
The Maldives Monetary Authority (MMA) has issued a statement following Moody’s downgrade of the country’s credit rating to CAA-2, assuring...
Moody’s Downgrades Maldives’ Rating to CAA-2, Signals Deepening Crisis
Moody’s downgraded the Maldives’ credit rating to CAA-2 on Wednesday, citing high credit risk and growing concerns over the country’s...
Maldives Will Not Default on Sukuk: Finance Minister
The Maldives will not default on the US$25 million coupon payment for the Sukuk, Minister of Finance Mohamed Shafeeq has...
US$72 Million Remitted Overseas in 2023: MMA
Remittances amounting to US$72 million (approximately MVR 1.1 billion) were sent overseas in 2023, the Maldives Monetary Authority (MMA) confirmed...
Investor Panic Grows Over Potential Maldives Sukuk Default
Investors are increasingly offloading Islamic bonds from the Maldives amid rising fears that the nation could default on its debt,...
Economy on Steady Upward Trajectory; Reserves to Exceed US$606 Million by Year-End: MMA
The Maldives is taking urgent steps to address the current economic challenges and will be able to maintain an upwards...
Coup Allegations Undermine BML Credibility: MDP
International financial institutions will now question the credibility of the Bank of Maldives (BML) after allegations of an attempted coup...
