The Maldives Monetary Authority (MMA) has signed the Participation Agreement of the IPS – Favara with two banks. The IPS…
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The rate of inflation, measured by the annual percentage change in the national Consumer Price Index (CPI) increased to 2.6%…
Maldives Monetary Authority (MMA) has reported that the transactions conducted through the Maldives Instant Payment System ‘Favara’ amounted to over…
Maldives Vice President Faisal Naseem highlighted the importance of establishing housing finance banks in the island nation. VP Naseem said…
Maldives Monetary Authority (MMA) launches the instant payment system ‘Favara’ on August 26, Saturday. The new instant payment system was…
Maldives real Gross Domestic Product (GDP) grew by 5.5% in the first quarter of 2023, reports the Maldives Bureau of…
Maldives Monetary Authority (MMA) has acquired land from Hulhumale’ for MVR 211 million to develop its new office. Civil Court…
Maldives Monetary Authority (MMA) has restricted the government’s overdraft limit to MVR 2 billion. Despite the central bank’s imposed limitation…
The Maldives government has announced a series of new Treasury Bills on sale. In an invitation to subscribe published by…
The Deputy Governor of Maldives Monetary Authority (MMA) Ahmed Imad said that discussions are now underway to create a digital…