MMA introduces measures against Covid-19 pandemic
6 month grace period for those in debt
Office building for Maldives Monetary Authority (MMA)
Maldives Monetary Authority (MMA) - the country's central bank - has announced certain measures that will be implemented to counter the consequent economic impact of the Covid-19 pandemic.
It has been revealed that the MMA has been holding discussions with other banks in the country to counter the impending economic downturn of the pandemic. This includes;
Further, uninterrupted banking and payment system services will be available during the public holidays as well.
While a public holiday has been declared from March 19th to the 26th, the central bank will be providing their banking and payment system services on the 19th، 23rd and the 26th and customers will also be able to withdraw cash.
MMA has assured that the central bank is closely monitoring the country's economy and will ensure that the necessary steps are taken to minimise the negative impact of the pandemic on the Maldives' economy.
