Tag: MMA
No More Dollar Hurdles: India-Maldives Trade Gets Local Currency Boost
In a significant move to enhance bilateral trade, the Reserve Bank of India (RBI) announced on Monday that…
Maldives’ Foreign Reserves Surge Under President Muizzu’s Economic Reforms
The Maldives has witnessed a significant boost in its foreign currency reserves, reaching $981 million in total reserves…
President Muizzu Cleans Up the Fiscal Mess Left Behind!
In a commendable display of fiscal responsibility, the government has significantly reduced its expenditure in the early months…
President Muizzu’s Economic Strategy Pays Off – Reserves Surge Under New Law!
The Maldives Monetary Authority (MMA) reports that by the end of January, resorts have exchanged over $50 million…
Maldives government floats MVR 2.2 Billion in t-bills to fund expenditures
In a strategic move to finance its operations, the Maldivian government has announced the sale of Treasury bills…
MMA Publishes Regulation for Mandatory USD Exchange Under Foreign Currency Act
The Maldives Monetary Authority (MMA) has issued regulations for businesses required to register under the Foreign Currency Act,…
Private Sector Representatives Dismissed from MMA Board
Two private sector representatives on the Maldives Monetary Authority (MMA) board have been removed, marking a significant change…