MMA Research Conference begins with 240 participants

Nov 16, 2025, 10:23 AM
MMA Research Conference begins with 240 participants

The Maldives Monetary Authority (MMA) Research Conference kicked off today with 240 participants.

The conference is being held at Villa Nautica Paradise Island Resort today and tomorrow. The number of participants has doubled from last year's conference.

MMA's new economic and financial magazine, The Island Economist, was launched during the conference. The magazine was launched by the Chief Guest of the conference, Education Minister Dr. Ismail Shafeeu.

The MMA's research journal, the Maldives Journal of Economics and Finance, was also launched. The journal was launched by Professor and Associate Dean of INSEIF University in Malaysia. Dr. Aishath Muneeza.

The finalists of the Tamweel FinLit Festival 2025 were awarded cash prizes at the conference.

According to the MMA, 140 participants attended the festival program. Most of them were school students. The program aims to increase the financial awareness and economic participation of youth.

Comments

Read More

Latest News

Dhiraagu Gamers Guild offers iPhone 18 Pro Max

Dhiraagu Gamers Guild is offering a chance to win an iPhone 18 Pro Max in Burgundy to users who subscribe and verify their profiles by December 31, 2026. This initiative aims to support the Maldivian gaming community by providing exclusive rewards and competitive tournament opportunities for local talent.

Fenaka Managing Director Afeef dismissed

Mohamed Afeef has been dismissed as the Managing Director of Fenaka Corporation, the third person to hold the role under the current administration. His removal comes amid government efforts to dissolve the utility company and reduce the state-owned workforce by 33 percent. No official reason for the dismissal has been provided.

India rolls over 30 billion rupee currency swap

India has agreed to roll over a 30 billion rupee currency swap for the Maldives following a request from the Maldivian government. This extension aims to stabilize the nation's low foreign exchange reserves and prevent economic strain. The decision follows a recent $50 million debt payment made by the Maldives to India in September.

MMA restricts medical USD allowance to six countries

The Maldives Monetary Authority has restricted the $1,000 medical currency allowance to six specific countries to ensure funds are used for their intended purpose. This change follows a surge in foreign currency demand for private travel. The $2,000 allowance for state-funded Aasandha patients remains unchanged.

Dollar revenue drops 15% in September compared to 2025

The Maldives Inland Revenue Authority reported a 15% drop in dollar revenue for September, falling to $126.8 million. While tourism taxes rose, the decline was driven by a sharp decrease in lease extension fees and airport taxes. Despite this monthly dip, total dollar revenue for the year remains higher than 2023 levels at $1.2 billion.

"No obstacles to conducting online transactions now"

Economic Minister Mohamed Saeed announced that Bank of Maldives has resolved previous obstacles to online transactions and e-commerce caused by the dollar shortage. The bank is also working to restore full capacity for telegraphic transfers and foreign currency issuance as the government manages unprecedented debt repayment obligations.

BML named among the World’s Best-Performing Banks

Bank of Maldives (BML) has been named one of the World’s Best-Performing Banks by Forbes, ranking 39th in the Tier 6 category for smaller institutions. The selection was based on a global analysis of profitability, growth, and asset quality. This recognition follows BML's record-breaking financial performance and projected historic success.

Newsletter

Get the latest news delivered straight to your inbox