Maldives Monetary Authority (MMA)
181 articles
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NewsNasheed calls on audit firms to disclose BML finances
Former President Mohamed Nasheed has urged international auditors to reveal the Bank of Maldives' true financial state amid a severe dollar shortage. He alleges the government used customer deposits to pay sovereign debt, leaving the bank unable to process withdrawals. Businesses and the public continue to face major transaction hurdles.
NewsSix expats arrested for trying to smuggle out foreign currency
Six foreign nationals were arrested at Velana International Airport for attempting to smuggle approximately MVR 3.8 million in various currencies hidden inside cereal packets. This operation is part of a broader government crackdown on the illegal foreign exchange black market to stabilize the country's economy.
News
Exclusive: Maldives sought extension on $50M India debt
Business
Businesses allege BML is blocking USD transfers
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Maldivian Rufiyaa symbol incorporated into Unicode Standard
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Insufficient funds for essentials after repaying $50 million loan
Business
Usable reserves drop below levels after settling sukuk
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Some companies used black market profits to fund payrolls: Saeed
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Malaysia pledges $100 million financial facility to Maldives
Business
MMA approval required for dollar salaries and bills
Business
Businesses face losses as TTs through BML take weeks to process
Business
Changes brought to Payment Services Regulation
News
Muizzu’s promise of USD 1000 traveller allowance remains unmet
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Adhadhu removes USD tracker due to restrictive law
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Police appeal for public help in stopping USD black market
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Police seize mobile phone of Furaveri resort shareholder
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Police raid Furaveri resort operator after freezing accounts
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"TTs and card transactions failing despite increased limits"
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Calls for Muizzu’s resignation as dollar crisis worsens
Business