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As January 2025 nears its end, the impact of the Maldives Monetary Authority’s (MMA) new foreign exchange regulation is becoming evident. According to President Dr. Mohamed Muizzu, tourism service providers...
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On January 13, 2025, Maldives Monetary Authority (MMA), the central bank of the Maldives, announced its decision to reprint the Maldivian Rufiyaa (MVR) 100 note. In an official press release,...
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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...
