Tag: MMA
MMA strengthens Insurance Act framework with two new regulations
The Maldives Monetary Authority (MMA) has brought two new regulations into effect under the Insurance Act, setting out…
MMA coordinates new Customs-bank system for verifying TT transactions
Maldives Customs Service has signed an agreement with all banks operating in the country to establish a system…
MMA wants salaries and domestic transactions shifted to Rufiyaa by 2030
The Maldives Monetary Authority (MMA) aims to make the Maldivian Rufiyaa the primary currency for domestic financial transactions…
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…
MMA seeks feedback on two new financial sector regulations
The Maldives Monetary Authority (MMA) has opened public consultation on two proposed regulations covering consumer protection in the…
MMA targets 80% Maldivian representation in senior banking roles within five years
The Maldives Monetary Authority (MMA) is targeting more than 80 percent Maldivian representation in management-level positions across the…
MMA seeks public feedback on new insurance regulations
The Maldives Monetary Authority (MMA) has opened two proposed insurance regulations for public consultation as part of efforts…
MMA moves to scrap USD 500-per-tourist exchange option for resorts
Resorts in the Maldives will be required to exchange 20 percent of their monthly revenue through the banking…
MMA increases weekly dollar allocation to banks by 51%
The Maldives Monetary Authority (MMA) has increased its weekly US dollar allocation to commercial banks by 51 percent,…
MMA Opens Internship Applications with Stipends of Up to MVR 10,000
The Maldives Monetary Authority (MMA) has opened applications for its latest internship programme, offering Maldivian students and recent…