Munawar Outlines Policy Approach During Committee Vetting; Governor Nomination Green-Lit for Final Floor Vote
Abandoning control of the US dollar exchange rate in the Maldives will not be in the best interest of the...
Government Seeks MMA Approval to Establish Development Bank of Maldives
Submissions for the licensing of a Development Bank have been filed with the Maldives Monetary Authority (MMA), Minister of Economic...
Hashim Out Amid Opposition Dissent as President Muizzu Nominates Munawar for MMA Governor
President Mohamed Muizzu, upon parliamentary recommendation in accordance with Section 6(3) of the Maldives Monetary Authority Act (1981), has removed...
Parliamentary Committee Votes to Recommend Hashim’s Removal as Central Bank Governor
The Public Accounts Committee, on Wednesday, approved the motion, to recommend to President Mohamed Muizzu that the Governor of the...
Maldives’ May Fish Exports Slide 47.5%
Fish exports fell 47.5 percent in May this year over the same period last year, statistics by the Maldives Monetary...
Public Accounts Committee Recommends Removal of Hashim as MMA Governor
The Parliament Public Accounts Committee has recommended that the President remove Ali Hashim as the Governor of the Maldives Monetary...
Useable Reserves Drop to Lowest in 12 Months
The Maldives’ usable reserves fell by US$40 million over last month to US$73 million, the Maldives Monetary Authority’s most recent...
Maldives Records Sharpest Decline in Reserves Over Past 12 Months
The Maldives’ reserves fell 21 percent, from US$622.1 million in May to US$492.2 million in July, statistics released by the...
Fitch Downgrades Maldives’ Rating From B- to CCC+ Citing Worsening External Financing
Fitch Ratings has downgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘B-‘. An IDR is an...
MMA Forecasts 2024 Growth at 4.9%
The Maldives’ economy is projected to grow 4.9 percent this year, following a 4 percent growth in GDP in 2023,...
