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Black market dollar sellers could face MVR 1 million fines under new law
Individuals caught buying or selling US dollars and other foreign currencies outside the official exchange rate could face fines of…
State Revenue Up 10.9% in First Seven Months of 2026
State revenue and grants increased by 10.9 percent to MVR 24.1 billion as of July 23, 2026, according to the…
Fact Check: Boduthakurufaanu Magu flooding was not caused by road defects or a design flaw
Videos circulating on social media claiming that the newly developed section of Boduthakurufaanu Magu flooded due to construction defects are…
Dollar blackmarket crackdown: MMA revokes Express Money Exchange licence
The Maldives Monetary Authority (MMA) has revoked the money-changing licence of Express Money Exchange Private Limited after regulatory supervision found…
BML CEO Mohamed Shareef appointed chairman of Asian Bankers Association
Mohamed Shareef, Chief Executive Officer and Managing Director of Bank of Maldives (BML), has been appointed Chairman of the Asian…
Sovereign Development Fund Sees Stronger Inflows in 2026
Deposits into the Maldives' Sovereign Development Fund (SDF) have climbed to MVR 1.2 billion so far this year, reflecting a…
Maldives-Türkiye Preferential Trade Agreement Enters into Force
The Maldives-Türkiye Preferential Trade Agreement (PTA) officially came into effect on August 1, marking a new chapter in economic cooperation…
More heavy rain expected today, Yellow Alert in effect
The Maldives Meteorological Service (MET Office) has issued a Yellow Alert covering the region from Haa Alifu Atoll to Meemu…