Maldives Monetary Authority

44 articles

Minister Hassan Zareer attends the official launching ceremony of the "SIDS Global Business Network Forum 2026" and the "Island Investment Forum."

Maldives' reserves currently hold enough funds to cover only one and a half months of imports

Indian President Droupadi Murmu and Prime Minister Narendra Modi alongside President Dr. Mohamed Muizzu during the official welcoming ceremony held at Rashtrapati Bhavan in New Delhi on Monday, October 7, 2024.

Maldives settles final $50 million treasury bill to State Bank of India after extension request denied

President Nasheed attends the inauguration ceremony of the new terminal at Velana International Airport (VIA).

President Nasheed warns that obligation to repay a $50 million debt to India could jeopardize the import of essential commodities

Maldives Monetary Authority (MMA).

Government implements major changes to foreign exchange regulations as usable reserves decline

Attorney General Ahmed Usham speaks during a press conference held on Monday.

No intention to ease foreign currency exchange requirements: Attorney General

A police officer standing on the street.

Police seek public assistance in identifying illegal foreign currency exchange operations

President Muizzu and MMA hold starkly contrasting views regarding salaries of resort employees

President signs first amendment to Foreign Exchange Act into law.

Foreign Exchange Amendment Criminalizes Dollar Sales Above Official Rate

President Dr. Mohamed Muizzu has ratified the Foreign Exchange Act Amendment Bill, along with six additional pieces of legislation, during a formal ceremony.

Resorts will face no difficulties in converting 40 percent of their foreign exchange earnings; that is a certainty: President

The 2023 audit report has revealed that the Kaafu Atoll Council failed to deposit MVR 49,800 in revenue into the Public Bank Account, in violation of state financial regulations.

Audit Office: Male' Atoll Council failed to deposit MVR 49,000 in state revenue into Public Bank Account

Former Finance Minister Ibrahim Ameer speaks during a press conference held at the MDP office. (File Photo)

MMA independence compromised; Governor holding press conferences at President’s Office is unprecedented: Ameer

Dr. Ahmed Shamheed, the Member of Parliament for the South Hulhumalé constituency, delivering his remarks on the floor.

MMA is an extension of President's Office; foreign exchange issues cannot be resolved through legislation: Shamheed

Governor of the Maldives Monetary Authority (MMA), Ahmed Munawar.

Foreign currency usage in the Maldives exceeds 40 percent: Governor

From the press conference held at the President's Office on Monday.

Muizzu Says SOEs Bought USD on Black Market; Home Minister Calls It Money Laundering

Maldives Monetary Authority (MMA).

MMA revokes Express Money Exchange license over regulatory violations

Deadline set for the review of the bill to amend Law No. 32/2024 (Foreign Exchange Act) as committee stage begins.

Committee Amended Foreign Exchange Bill Without Consulting Technical Experts: Shamheed

Maldivian coins placed atop a stack of United States dollar banknotes.

Black market USD rates surge past MVR 22.85!

Mohamed Ibrahim (Kudu), the Member of Parliament for the North Galolhu constituency.

Authorities Urged to Act Against Foreign Currency Regulation Violators

From a previous meeting of the Parliament's Public Accounts Committee.

Public Accounts Committee holds closed-door meeting with MMA as economic situation deteriorates

Governor of the Maldives Monetary Authority (MMA), Ahmed Munawar.

MDP requests Parliament to summon MMA Governor over worsening foreign exchange crisis

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