Maldives Monetary Authority

38 articles

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

Former Member of Parliament for the Hulhudhoo constituency, Ilyas Labeeb, speaks during the "No Dollars" panel discussion organized by the MDP.

Despite surge in USD inflows into the Maldives, MMA is failing to release a proportionate amount of foreign currency to the banks: Ilyas Labeeb

President Inaugurates Maldives Financial Expo 2026.

President Inaugurates Maldives Financial Expo 2026

The Maldives Monetary Authority (MMA) is considering a 25 percent increase in US dollar allocations to commercial banks during the tourism off-season, as depicted alongside images of the central bank headquarters, US dollar banknotes, and currency exchange symbols.

MMA increases dollar allocation to banks by 25 percent to coincide with tourism off-season

The police have urged the public to remain vigilant against renting out bank accounts and engaging in activities that facilitate money muling.

Renting out bank accounts: A practice that facilitates serious felonies and carries severe legal penalties

President Dr. Mohamed Muizzu speaks to press on 27 April 2026.

President Muizzu attempts to mislead public after acquiring new debt

Abdul Ghafoor Moosa, MP for Hanimaadhoo constituency and Interim Chairperson of the MDP, delivers his address during a rally held by the party in Fuvahmulah City on Friday night. | MDP

MMA’s vaults contain nothing but two packets of mothballs; electricity will be cut off across all islands after the 4th of next month: Ghafoor

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