The Maldives’ official reserves, inclusive of the usable reserve and the Sovereign Development Fund (SDF), are projected to reach above USD 606…
The top global credit rating agency, Fitch Ratings has downgraded the Maldives’ credit rating from ‘CCC+’ to ‘CC’, marking the second ratings…
The Bank of Maldives (BML) on Sunday afternoon reverted its earlier decision of suspending foreign transactions on debit cards. The bank on…
The black market exchange rate of US dollars has significantly lifted after Bank of Maldives (BML) announced decision to suspend foreign transactions…
The Bank of Maldives (BML) on Sunday announced changes to its card limits for foreign transactions. The changes, effective immediately, are in…
The Minister of Economic Development and Trade, Mohamed Saeed on Thursday held discussions with PayPal’s President for Global Marketing, Suzan Kereere. Minister…
Maldives Vice President Hussain Mohamed Latheef (Sembe) on Thursday launched the ‘Education Transformation Initiative’ at a ceremony held at JEN Maldives Male’…
The Maldives Islamic Bank (MIB) and Ghiyasuddin International School (GIS) have signed a memorandum of understanding (MoU) towards enhancing financial literacy among…
The Bank of Maldives (BML) on Sunday reopened applications for ‘Bank Fund’, introduced to empower local NGOs to contribute to their communities…
The Maldives government collects MVR 2.93 billion revenue, 75.77 million of which in US dollars, in July 2024, reports the Maldives Inland…