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The Bank of Maldives (BML) has announced the successful completion of two projects which were funded through the bank’s Small Grant Fund which was introduced with the bank’s 40th anniversary....
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The Maldivian economy, heavily reliant on foreign currency due to its import-dependent nature and tourism-driven revenue, has long grappled with challenges in managing foreign exchange reserves. To address persistent issues...
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On 3rd December 2024, Moody’s Ratings (Moody’s) confirmed and maintained the Maldives’ Long-Term Local and Foreign Currency Issuer Rating of Caa2.
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In a move towards providing more advanced services and a variety of options to its customers, the Bank of Maldives (BML) has announced the launch of its Shari’ah-compliant BML Islamic...
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In a significant move to enhance financial cooperation and simplify cross-border transactions, the Maldives Monetary Authority (MMA) and the Reserve Bank of India (RBI) signed a Memorandum of Understanding (MoU)...
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On October 2024, the Maldives Monetary Authority (MMA) announced plans to implement a new foreign exchange regulation, in a move towards increasing the flow of dollars in the Maldivian economy....
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As the Maldives faces mounting economic challenges, the current administration has prioritized strategies to boost financial stability and address its debt crisis. The current administration, led by President Dr Mohamed...
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In a move towards fostering financial inclusion through secure digital payments, the Bank of Maldives (BML) has launched its Mastercard Business Prepaid card on 5th November, 2024. The new card...
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During an event hosted on 1st November 2024, Maldives Islamic Bank (MIB) launched three exciting new products that will elevate how the banking system is seen throughout the Maldives. The...
