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
MMA
MMA signs USD200 million Currency Swap Agreement with India
Maldives Monetary Authority has signed a USD 200 million Currency Swap Agreement with the Reserve Bank of India under the SAARC Currency Swap Framework. This swap facility will allow the… 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 issues new banknotes with Maldivian Rufiyaa symbol
Malé, Maldives - Central bank of Maldives, Maldives Monetary Authority has issued the new MVR 50 notes with the Maldivian rufiyaa symbol printed on both sides of the banknote. The… Continued
Budget 2023: SDF will have accumulated $500 million by 2025
Malé, Maldives - Government of Maldives has revealed that the Sovereign Development Fund (SDF) is expected to have USD 500 million by the end of 2025. The Finance Ministry's budget… 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
Former President Yameen to sue Bank of Maldives
Malé, Maldives - Former President Abdulla Yameen Abdul Gayoom has announced that he will take legal action against Bank of Maldives to get USD 1 million withheld in an escrow… 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
MMA suspends license halting Western Union services
Malé, Maldives - Maldives Monetary Authority has suspended the Payment Service Providers License (No. PSP/2022/03) issued to Island Financial Services Pvt. Ltd. for the provision of Remittance Service in the… Continued
Maldives introduces currency symbol for Dhivehi Rufiyaa
Malé, Maldives - Maldives Monetary Authority (MMA) on Sunday revealed the official currency symbol for the Maldivian currency Dhivehi Rufiyaa at a ceremony held at MMA headquarters. The symbol was… Continued
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