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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...
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On the 29th of October 2024, the Bank of Maldives announced the opening of two new ATM centres in Alif Alif Atoll. With this, residents of Feridhoo and Bodufolhudhoo will...
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The Maldives Inland Revenue Authority (MIRA) has been staying on top of companies and individual parties who do not pay their taxes since its establishment in August 2010. Being established...
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In May 2024, the Minister of Economic Development and Trade, Mohamed Saeed revealed the Government's plan to open its first development bank in the Maldives. The bank, which is set...
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The Maldives Inland Revenue Authority (MIRA) announced a remarkable 93 percent increase in revenue for September 2024 compared to the same period last year, showcasing that more companies in the...
