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Foreign-exchange reserve down by 10 percent in June
Maldives Monetary Authority (MMA) building in the capital Male. MIHAARU PHOTO/NISHAN ALI Maldives central bank’s US dollar foreign-exchange reserves have decreased by 10 percent from last May, official...
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Black market USD rate spikes over MVR 17
A man withdraws USD notes from a dollar ATM in the capital Male. MIHAARU PHOTO/NISHAN ALI The US dollar black market rate in the Maldives has spiked to MVR 17.10 per dollar due to a lull in tourism and...
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Foreign exchange reserve down 11 percent
Maldives Monetary Authority (MMA) building in the capital Male. MIHAARU FILE PHOTO/MOHAMED SHARUHAAN Maldives central bank announced that its foreign exchange reserve had dropped by 11 percent in June...
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Official reserve down USD10.8 million in July
The central bank building in the capital Male. MIHAARU FILE PHOTO/MOHAMED SHARUHAAN The Maldives’ official reserve for the month of July had dropped to USD 611.8 million with a decrease of USD 10.8...
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Government revenue, reserves down in August
Maldives Monetary Authority (MMA) building in the capital Male. MIHAARU PHOTO/NISHAN ALI The government revenue and reserves had both decreased in the month of August, Maldives central bank’s...
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GMR compensation takes large chunk out of official reserves
Maldives Monetary Authority (MMA) building in the capital Male. MIHAARU FILE PHOTO/MOHAMED SHARUHAAN The official reserves of the nation has fallen drastically as a consequence of the bonds purchased...
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Maldives enters USD 100 million currency swap with India
Maldives Monetary Authority (MMA) building in the capital Male. MIHAARU PHOTO/NISHAN ALI The Maldives’ central bank has entered into a cross currency swap of USD 100 million with India’s central bank...
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Maldives central bank’s usable reserves up by six percent
People buying US Dollars at MMA service counters in November 2016. The Maldives’ central bank announced that its usable US Dollar reserves went up by six percent in the month of February this year....
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Reserves drop to USD179 mln in October
An employee of BML pictured counting US Dollars. Following a drop in US Dollar revenue, the usable reserve of the state treasury declined to USD 179 million by the end of October. According to Maldives...
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US dollar reserve drops in 2017 third quarter
Ongoing construction of Dharumavantha Hospital, the new 25-storey state hospital being developed in Male. Maldives Monetary Authority (MMA) revealed that US Dollar reserves dropped in the third quarter...
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