Dollar Shortage
Maldivians adapt to Temu tax as dollar crisis persists
Shoppers continue buying despite 30 percent fee on Chinese platforms.
10 Sep, 4:13 PM
Exchange rate buckles as Maldives central bank fights losing battle
Twin deficits drive economy toward possible default.
11 Aug, 11:11 PM
Pilot strike threat exposes fault lines of Maldives' currency crisis
"We don't sell our dollars for profit," says a TMA pilot.
23 Jul, 6:00 PM
Why the Maldives hit Chinese shopping sites with a 30 percent fee
The tax reflects the US dollar black market premium.
01 Jul, 6:12 PM
Maldives dollar crisis deepens amid rising oil prices and debt pressures
The 28 percent black market premium has sparked fears of inflation.
17 Jun, 5:16 PM
President Muizzu outlines reforms and policies in debut podcast
Translated extracts of President Muizzu's new podcast.
31 Mar, 5:57 PM
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.
14 Feb 2017, 9:00 AM
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.
27 Nov 2016, 9:00 AM
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.
04 Sep 2016, 9:00 AM
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.
05 May 2016, 9:00 AM
Majority of dollar receipts spent on imports: MMA assistant governor
18 Feb 2014, 7:48 PM
Taming fiscal deficit “most pressing macroeconomic priority for Maldives”: IMF mission
14 Nov 2012, 2:05 PM
Naifaru Court orders BML to issue dollars to Naifaru NGO
19 Dec 2011, 1:45 PM
Cabinet decides to only accept Maldivian rufiya as taxes
09 Aug 2011, 1:48 PM
Economy’s pigeons come home to roost
02 May 2011, 10:36 AM
MMA Governor meets Finance Minister to discuss dollar shortage
23 Apr 2011, 3:15 PM
Comment: It’s the economy stupid!
13 Apr 2011, 5:35 PM
DRP factions plan concurrent protest marches against managed float of rufiya
12 Apr 2011, 5:21 PM
Fixed peg can only be maintain by no deficit monetisation: Lanka Business Online
12 Apr 2011, 11:00 AM
Air tickets rise in price as rufiya falls
12 Apr 2011, 10:27 AM
