The anti-money laundering watchdog's former top official testified to a parliamentary committee.
The system would allow users to make payments regardless of their bank or island of residence.
Usable reserves - "the amount of funds that are readily available for use by the MMA in the foreign exchange market" - stood at US$205.6 million,...
A 23 percent decrease in the usable reserves compared to June 2017 reflected "the increase in loan repayments and payments related to construction of the Dharumavantha...
Some flat winners are unhappy with what they call "a forced entry into a ruinous loan scheme" after the central bank devised an affordable housing loan scheme...
The finance ministry has slashed travel budgets, imposed a freeze on appointments, and ordered government offices to close by 2:30pm as it struggles to meet ambitious...
Anti-corruption NGO Transparency Maldives has called for a broad and independent investigation into allegations raised in an Al Jazeera exposé about systemic corruption, abuse of power...
The main opposition Maldivian Democratic Party has called for an inquiry into the sudden hike in Maldives’ foreign reserves. The source of some US$400million is unknown,...
President Abdulla Yameen has blamed former President Mohamed Nasheed's claims of Maldivians joining extremist groups in Syria for an international bank dropping the Maldives from its...
The Maldives Islamic Bank had refused to share information about Yameen's private bank account with the Anti-Corruption Commission for its investigation into the embezzlement of nearly...
MDP Chairperson Ali Waheed had told the opposition-aligned Raajje TV last week that US$1.5 billion in cash was brought to the Maldives last year on a...
The central bank has spotted a fake bill of the new banknote series that was introduced into circulation across the Maldives just last week.
Following a launching ceremony at the president's office, Dr Azeema Adam, the central bank's governor, became the first to use the new banknotes for a purchase...
Mariyam Hussein Didi, assistant governor of MMA, told reporters on Monday that some 20 counterfeit MVR500 notes had reached the bank so far.
The government has reduced the minimum reserve requirement (MRR) for commercial banks at the Maldives Monetary Authority (MMA) from 20 percent to 10 percent, Vice President...
An MVR5,000 (US$325) commemorative note issued by the Maldives Monetary Authority (MMA) to celebrate the golden jubilee of independence has been put on sale.
Revenue collection declined in May due to a decrease in tourist arrivals and decline in revenue from Business Profit Tax. The government expenses rose due to...
