Tag: MMA
Maldivesâ Official Reserves Rise to USD 810 Million in August
The Maldivesâ official reserve assets climbed to USD 810.05 million by the end of August, according to figures…
President Muizzu ratifies landmark Insurance Act and National Payment System amendment
President Dr. Mohamed Muizzu has ratified two crucial pieces of legislation designed to strengthen the Maldivesâ financial system…
MMA Launches Tamweel Impact Pitch Challenge to Transform Islamic Finance in Maldives
The Maldives Monetary Authority (MMA) has unveiled the Tamweel Impact Pitch Challenge, a nationwide initiative designed to inspire…
President Muizzu Leads Economic Revival: $213M in Debt Repaid from Reserves
In a significant stride toward fiscal stability, the Maldives Monetary Authority (MMA) has disclosed that over $213 million…
MMA Backs BMLâs Bid to Acquire SDFC, Confirms No Legal Violations
The Maldives Monetary Authority (MMA) has officially clarified that the Bank of Maldives' (BML) proposed acquisition of the…
President Muizzu Government Unlocks Up to 40% in Dollar Allocations for Local Businesses Through Banks
In a bold and timely move to ease foreign exchange pressures and empower Maldivian businesses, the Maldives Monetary…
A Trusted Hand for Economic Transformation: Asna Hamdi Named MMA Deputy Governor
In a decisive move signaling a commitment to financial reform and stability, President Dr. Mohamed Muizzu has appointed…
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…