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…
BML Reverses Foreign Transaction Limits Following Regulatory Pressure
The Bank of Maldives (BML) has reversed its recent decision to suspend foreign transaction allowances on debit and credit cards…
MMA Denies Reports of Depleted Usable Dollar Reserves
The Maldives Monetary Authority (MMA) has denied reports claiming that the nation’s usable dollar reserves have been fully depleted for…
Maldives’ Usable Dollar Reserves Depleted for First Time, Sources Say
The Maldives’ usable dollar reserves have reportedly run out for the first time in the nation’s history, according to local…
Parliament to Consider Anti-Scam Amendment Proposed by North Galolhu MP
A bill targeting scams, proposed by the opposition Maldivian Democratic Party (MDP), was accepted for consideration, and referred to committee,…
Maldives May Need to Utilise SDF Funds to Cover Reserves Shortfall: Experts
The Sovereign Development Fund (SDF) will have to be used in the event the state budget is unable to meet…
