Official reserves exceed USD800 million

Malé, Maldives - Maldives Monetary Authority has revealed that the government's official reserves increased to USD 827.7 million at the end of last year. Official reserves stood at USD 604.2… Continued

Money deposited in banks decrease by 10pc

Malé, Maldives - Maldives Monetary Authority’s statistics has shown that bank deposits declined by 10 percent in the third quarter of this year. According to the Monetary Authority of Maldives… Continued

MMA reprints MVR 50 notes due to shortage

Malé, Maldives - The stock of Maldivian Rufiyaa 50 note that is currently in circulation in the Maldivian economy is low, revealed the Maldives Monetary Authority (MMA). Due to this,… Continued

MMA lifts Western Union suspension

Malé, Maldives - Ten days after Maldives Monetary Authority (MMA) suspended the Payment Service Providers License (No. PSP/2022/03) issued to Island Financial Services Pvt. Ltd. for the provision of Remittance… Continued