Maldives Monetary Authority (MMA)
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BusinessUsable dollar reserves drop below USD 50 million again
Although reserves declined at the end of last month, they are expected to improve during the current month. The MMA signed a USD 400 million currency swap facility with the Reserve Bank of India (RBI) yesterday.
NewsCurrency swap guarantees USD 400 million and INR 30 billion
"While the dollar/euro swap facility is a measure to support short-term foreign exchange needs, the Indian rupee swap facility will facilitate trade transactions between India and Maldives in the respective currencies," the MMA said.
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MATI officials meet Tourism Minister after expressing concern
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New rules require resorts to change USD 500 per tourist
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MMA changed rules without addressing any concerns: MATI
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Discussions to increase dollars in banking system
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Resorts exchanged only MVR 68 million with banks
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SDF balance dropped on the day reserves increased
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Financial coup: no suspects 15 days into investigation!
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Usable reserves increase to USD 61 million at the end of August
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MMA to issue bond, arrange currency swap to improve reserves
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Trust in financial institutions shattered by "coup" allegations
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"Financial coup" and the law
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MMA to prioritize banks that consider public needs
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BML reverses decision to suspend dollar transactions
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Usable dollar reserves are expected to increase, says MMA
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Usable dollar reserves completely exhausted!
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SDF has to be used if money cannot be raised by end of the month
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