Maldivian Rufiyaa
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BusinessMIB offers higher profit rates for Promotional GIA
Maldives Islamic Bank is offering higher profit rates for its Promotional General Investment Account until July 30. Customers can earn up to 4% on USD and 3.5% on MVR deposits. Applications can be submitted online or at any branch before the deadline.
NewsYameen warns dollar could surpass MVR 21 within this year
Former President Abdulla Yameen warns the US dollar could exceed MVR 21 this year due to economic instability and a tourism downturn. He criticized the government for halting development projects and failing to control rising import costs. Despite new regulations, the black market rate remains at a record high of MVR 20.50.
