topic

Maldives Monetary Authority (MMA)

Economy

Money printing will trigger inflation crisis, warns ex-central bank governor

"No injections will be made without fiscal space," deputy speaker assures.

15 hours ago

Morning Brief

MMA deputy governor faces dismissal as money printing controversy escalates

A digest of yesterday's top story.

12 Mar, 9:00 AM

Morning Brief

Opposition alleges covert money printing through central bank land purchase

A digest of yesterday's top story.

11 Mar, 9:00 AM

Business & Tourism

Fish exports decline in Maldives

Yellowfin tuna prices were volatile, the Maldives central bank said.

29 Oct 2018, 9:00 AM

Crime

Money laundering probe into Maldives president yet to start

The president has been dogged by graft allegations since he took office.

30 Sep 2018, 9:00 AM

Business & Tourism

Central bank governor concerned over mounting national debt

A study from a US think-tank said that Chinese lending in particular was putting the Maldives at risk of debt distress.

30 Apr 2018, 9:00 AM

Politics

Foreign debt warning from Maldives central bank boss

The IMF and the World Bank predicts Maldivian debt to reach 121 percent of GDP by 2020.

20 Nov 2017, 9:00 AM

Politics

Social media activist under arrest for ‘inciting fear and sowing discord’

Thayyib Shaheem, a prominent opposition social media activist, is under arrest on suspicion of sowing discord among the public with false information on social media and inciting fear and panic about the H1N1 swine flu virus.

19 Mar 2017, 9:00 AM

Business & Tourism

Maldives secured US$100m from India to shore up depleted reserve

The agreement with the Reserve Bank of India was the Maldives’ first currency swap deal.

14 Feb 2017, 9:00 AM

Business & Tourism

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

Business & Tourism

National bank to set up airport kiosk for dollar sales

From January 8 onward, travellers can buy up to US$500 dollars per ticket through an online portal or at any BML branch. But the dollars must be collected from a dedicated area at the Velana International Airport after checking in at the departure terminal.

05 Jan 2017, 9:00 AM

Business & Tourism

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

Business & Tourism

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

Politics

President ‘halted’ central bank inquiry into money laundering

The opposition has renewed calls for Yameen’s arrest, claiming it has new evidence he instructed the central bank to halt an inquiry into the Maldives’ biggest ever corruption scandal.

21 Jun 2016, 9:00 AM

Culture

Maldives introduces new banknotes

The new Maldivian rufiyaa note series unveiled last night “represents the Maldives, and the identity of Maldivians” and “attempts to encapsulate all the innate factors that define our country, and our ancestral identity,” the central bank said.

02 Nov 2015, 9:00 AM

News In Brief

MMA announces shortlisted proposals for new rufiyya note designs

12 Jan 2015, 3:42 PM

Business & Tourism

MMA warns of shortfalls in revenue due to ad hoc policy changes

22 Nov 2014, 1:44 PM

Politics

Funds raised in Maldives to support terrorism abroad: State Department

07 May 2014, 4:59 PM

Business & Tourism

Newly appointed MMA governor reveals plans to strengthen economy

22 Apr 2014, 1:43 PM

Business & Tourism

Tourist arrivals rose 17 percent in 2013

11 Feb 2014, 5:33 PM

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