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.

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.

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.

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.

Majority of dollar receipts spent on imports: MMA assistant governor

Taming fiscal deficit “most pressing macroeconomic priority for Maldives”: IMF mission

Naifaru Court orders BML to issue dollars to Naifaru NGO

Cabinet decides to only accept Maldivian rufiya as taxes

Economy’s pigeons come home to roost

MMA Governor meets Finance Minister to discuss dollar shortage

Comment: It’s the economy stupid!

DRP factions plan concurrent protest marches against managed float of rufiya

Fixed peg can only be maintain by no deficit monetisation: Lanka Business Online

Air tickets rise in price as rufiya falls

IMF praises managed float of rufiya, “unpredictable” and “high risk” warn local experts

President relaxes exchange rate crackdown

Nihan renews calls for Nasheed no-confidence motion as DRP factional strife intensifies

Dollar shortage threatens to ground local airline sales

Police ask banks to track people trading large amounts of dollars

Blackmarket dollar crackdown won’t address demand, warn businesses, financial experts