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Tag "dollar shortage"

Tourism lobby scuttled rules banning resorts from selling dollars

The rules were aimed at alleviating a persisting dollar shortage and tackling an entrenched black market.

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Central bank defends bailing out government with GMR payout

The MMA confirmed to the Maldives Independent that it invested in a US$140 million government-guaranteed bond issued by the Maldives Airports Company Ltd on November 15, two days before the attorney general announced the payment of US$271 million in damages to the Indian infrastructure firm.

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Foreign currency reserves decline amid dollar shortage

Reserves at the Maldives Monetary Authority readily available for use in the foreign currency exchange market declined by US$1.5 million in July as the central bank took steps to alleviate a dollar shortage.

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BML moves dollar sales to bazaar branch

The Bank of Maldives has moved its US dollar sales to its bazaar branch in a bid to speed up services for Maldivians requiring foreign exchange for overseas travel.

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