Dollar Shortage

Maldivians adapt to Temu tax as dollar crisis persists

Shoppers continue buying despite 30 percent fee on Chinese platforms.

Exchange rate buckles as Maldives central bank fights losing battle

Twin deficits drive economy toward possible default.

Pilot strike threat exposes fault lines of Maldives' currency crisis

"We don't sell our dollars for profit," says a TMA pilot.

Why the Maldives hit Chinese shopping sites with a 30 percent fee

The tax reflects the US dollar black market premium.

Maldives dollar crisis deepens amid rising oil prices and debt pressures

The 28 percent black market premium has sparked fears of inflation.

President Muizzu outlines reforms and policies in debut podcast

Translated extracts of President Muizzu's new podcast.

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