Black Market
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NewsNasheed slams economic policy as USD rates remain high
Former President Mohamed Nasheed criticized the government's economic policies, noting that the US dollar remains at high black-market rates despite new regulations. He argued that mandatory conversion requirements are harming businesses and failing to lower commodity prices or resolve the ongoing currency shortage.
BusinessBusinesses face losses as TTs through BML take weeks to process
Maldivian businesses are facing severe financial losses due to 15-20 day delays in processing Telegraphic Transfers through the Bank of Maldives. Despite government claims of support, a critical dollar shortage is forcing traders to use the black market, hindering the import of essential goods and damaging the local economy.
News
"Not a burden for resorts to exchange 40 percent of earnings"
News
"Measures could bankrupt resorts and trigger layoffs"
Business
USD crisis deepens as money changers close after warning
Business
Efforts to curb use of fraudulent TTs amid USD crisis
News
Exchanging 40 percent of earnings is not feasible: MATI
News
MMA moves to ban USD salaries
News
"Hiding true USD value will not generate foreign currency"
Business
Government earns USD 976.6 million in revenue
Business
BML boosts USD supply for TTs for three weeks
Business
Black market dollar rate hits record high of MVR 21.75
News
"False rumours about USD shortage to drive up black market rates"
News
Taking up to two weeks for TTs to reach suppliers: Eva
Business