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...
MMA Rule Change Likely to Politicise Financial System: MDP
The Maldives Monetary Authority (MMA) is injecting political influence into the Maldives’ financial system with a regulatory change allowing those...
Foreign Minister Heads to Saudi Arabia Amid Reserve Crisis
Foreign Minister Moosa Zameer has departed for Saudi Arabia on an official visit, carrying a letter from President Dr Mohamed...
Maldives Dangerously Low on Useable Reserves, According to MMA Communique
The Maldives would have exhausted its usable reserves by the end August, the Maldives Monetary Authority (MMA) has projected in...
MMA Regulation Change Threatens Maldives’ Financial Integrity: MDP Chairperson
The main opposition Maldivian Democratic Party (MDP) Chairperson Fayyaz Ismail has warned that the the Maldives Monetary Authority’s (MMA) recent...
Central Bank Seeks Managing Directors for Key Areas
The Maldives Monetary Authority (MMA) has opened applications for managing director positions across five areas. This move comes as part...
