Maldivian Rufiyaa
25 articles
Latest
NewsNasheed slams failed government policies pushing dollar rates
Former President Mohamed Nasheed criticized the Maldivian government's failed economic policies, noting that the rising dollar rate is causing severe hardship for students and businesses. He warned that the nation only avoided bankruptcy due to an Indian currency swap, while current enforcement measures have failed to curb the black market.
BusinessBusinesses 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.
Business
Dollar transfers will return to normal within next week: BML
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Maldivian Rufiyaa symbol incorporated into Unicode Standard
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PG warns of money laundering charges for renting bank accounts
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Police appeal for public help in stopping USD black market
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"Not a burden for resorts to exchange 40 percent of earnings"
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Nasheed to urge MDP National Council to launch protests
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Employees from 42 resorts signed petition on first day
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"Measures could bankrupt resorts and trigger layoffs"
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Resort workers sign petition over salary change from USD to MVR
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Muizzu defends dollar policy, claims consultative approach
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Resorts mandated to exchange 40 percent of USD earnings
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MMA moves to ban USD salaries
Business
BML boosts USD supply for TTs for three weeks
Business
MMA bond debt hits MVR 16.3 billion
Business
Usable reserves fall to USD 248 million
Business
USD 1 billion exchanged since mandatory conversion
Business
Prices of essential goods surged by 8 percent
Business