Maldivian Rufiyaa

24 articles

Latest

Businesses decry MPL dollar fees

Maldivian businesses are criticizing Maldives Ports Limited for requiring stevedoring fees in US dollars despite government efforts to promote the Rufiyaa. Importers claim the policy forces them into the black market for currency, increasing costs and straining the local economy. MPL previously defended the move as a way to curb dollar abuse.

5 hours ago

Business

Dollar transfers will return to normal within next week: BML

Bank of Maldives expects dollar transfer services to return to normal next week following recent delays caused by a surge in demand. The bank implemented measures to manage unsustainable outflows from Rufiyaa accounts, noting that the issue is a temporary supply imbalance and not a reflection of its overall financial health.

3 weeks ago

News

Latest

Businesses decry MPL dollar fees

Dollar transfers will return to normal within next week: BML

Maldivian Rufiyaa symbol incorporated into Unicode Standard

PG warns of money laundering charges for renting bank accounts

Police appeal for public help in stopping USD black market

"Not a burden for resorts to exchange 40 percent of earnings"

Nasheed to urge MDP National Council to launch protests

Employees from 42 resorts signed petition on first day

"Measures could bankrupt resorts and trigger layoffs"

Resort workers sign petition over salary change from USD to MVR

Muizzu defends dollar policy, claims consultative approach

Resorts mandated to exchange 40 percent of USD earnings

MMA moves to ban USD salaries

BML boosts USD supply for TTs for three weeks

MMA bond debt hits MVR 16.3 billion

Usable reserves fall to USD 248 million

USD 1 billion exchanged since mandatory conversion

Prices of essential goods surged by 8 percent

Black market dollar rate surges past MVR 21

Black market dollar rate hits MVR 20.80