Tag: Maldives Monetary Authority
MMA estimates $40 million conversion under new foreign currency act
The Maldives Monetary Authority (MMA) has projected that at least $40 million will be converted to local banks…
Dollar Conversion Now Compulsory for Maldivian Businesses as New Currency Act Takes Effect
The Foreign Currency Act has been officially implemented today, requiring businesses in the Maldives to convert dollars through…
President Muizzu Delivers: Foreign Currency Bill Amended to Fulfill Public Demand
President Dr. Mohamed Muizzu has officially ratified the Foreign Currency Bill, a significant legislative measure passed during the…
Reserves Surge to $744.25 Million, Usable Portion Stands Strong at $46 Million
The total foreign currency reserves of the Maldives have reached 744.25 million dollars, with usable reserves reported at…