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