2 min read
The Maldives Monetary Authority (MMA) has revealed its latest reports regarding the Maldives’ national reserve, shedding some positive light that gives hope for better management of the Maldivian debt by...
5 min read
In recent months, the Maldives has been making headlines for two contrasting reasons: its reputation as a world-class tourist destination attracting millions of visitors, and its looming financial troubles, which...
2 min read
One of the biggest issues in the current banking system is the difficulty when it comes to transferring money between counties. This not only poses a difficulty for students living...
1 min read
Although there have been some setbacks when it comes to the banking sector as citizens in the Maldives have continued to face interruptions in the past few weeks, some interesting developments...
2 min read
On June 26, 2024, Fitch Ratings downgraded the Maldives' Long-Term Foreign Currency Issuer Default Rating from 'B-' to 'CCC+'. This decision primarily stems from increased risks associated with the country's...
1 min read
The Bank of Maldives (BML) has announced a significant expansion of its Maafushi branch, offering a comprehensive range of banking solutions to cater to both individuals and businesses. This development...
2 min read
The Bank of Maldives (BML) has announced a significant expansion of its currency services, now allowing transactions in both the Emirati Dirham (AED) and the Chinese Yuan (Renminbi). This development...
2 min read
The Bank of Maldives (BML) Islamic has made history by launching the country's first-ever Shari’ah-compliant credit card. Running on the American Express network, this innovative financial product promises to deliver...
1 min read
In a continued effort to empower NGOs and contribute to community development through sustainable initiatives, the Bank of Maldives (BML) has announced the launch of its annual 'Bank Fund'. This...
