MMA

News

05 Mar, 2026

Financial Intelligence Unit gets a new head

Mohammed Ishan has been appointed to lead the Financial Intelligence Unit at the Maldives Monetary Authority (MMA), taking charge of the country’s main body tasked with preventing money laundering and the financing

News

19 Feb, 2026

Central Bank Raises Dollar Supply Ahead of Ramadan

The Maldives Monetary Authority has increased the supply of US dollars to domestic banks by 32 per cent for a three‑week period, a temporary measure aimed at ensuring the smooth import of

News

04 Feb, 2026

Maldives Faces Rising Tensions as Ex‑Pension Board Member Warns of Inflation Risks From MVR 2.4 Billion Bond Plan

Sarvash Adam, who resigned from the Pension Office board as the representative for private businesses, has issued a sharp warning over the government’s proposed MVR 2.4 billion “dual‑currency” bond. He says the

Maldives Economy Records Strong December Growth as Reserves Approach $1 Billion

The Maldivian economy expanded 8.6 percent in December, marking one of the strongest monthly gains since the country began stabilizing its finances. The Maldives Monetary Authority said the improvement was driven by

03 Feb, 2026

News

Maldives Sees Surge in 100‑Rufiyaa Notes as ATM Network Expands

The circulation of 100‑rufiyaa notes has climbed sharply across the Maldives, driven by the rapid expansion of ATMs and a fresh supply of newly printed currency. The Maldives Monetary Authority said a

03 Feb, 2026

News

Pension Office Chairman Resigns Over Central Bank–Financed Bond

Ahmed Inaaz, chairman of the Maldives Pension Administration Office board, resigned on Sunday, citing strong objections to the government’s decision to raise funds through a Mvr 2.4 billion bond issued via the

02 Feb, 2026

News

Two New Banks Approved to Bolster Maldives’ Financial Sector

MALE’, Maldives,— The Monetary Authority of Maldives (MMA) has granted preliminary approvals for two new banks, a move aimed at strengthening and diversifying the nation’s banking sector, according to a recent press

28 May, 2025

News

Maldives Moves Forward with Digital Transformation, but Spending Raises Questions

MALÉ, Maldives — The Maldives government has set the groundwork for an ambitious digital transformation strategy, following a Cabinet decision on Sunday aimed at modernizing the country’s ICT sector and strengthening government

02 Feb, 2025

Leaders·News·Politics

India and Maldives Take Key Step Towards De-dollarization with Local Currency Trade Agreement

Mumbai — In a key step towards de-dollarization, India and the Maldives have signed a Memorandum of Understanding (MoU) to facilitate the use of their local currencies, Indian Rupee (INR) and Maldivian

23 Nov, 2024

Business

Majlis Approves Ahmed Munawar for Central Bank Governorship

The Majlis has approved Ahmed Munawar for the position of Governor of the Central Bank of the Maldives (MMA), following a unanimous vote by the PNC-majority House. Munawar, currently an advisor to

30 Jul, 2024

Business·Leaders·News·Politics

Ahmed Munawar’s Impactful Tenure as Minister of Finance

Male’ – Ahmed Munawar, the former Minister of Finance, is set to become the new Governor of the Maldives Monetary Authority (MMA). His tenure as Minister of Finance from June 2016 to

30 Jul, 2024

Business·Leaders·News

Navigating Digital Payment Hurdles in the Maldives

In this part of South Asia the process of paying for goods and services can feel like a jarring step back in time. There are no swift scans of QR codes or

21 Mar, 2024

Business·News

Maldives Ends 2023 with MVR 124 Billion Debt, Reflecting a 115.9% Debt-to-GDP Ratio

Maldives closed the fiscal year of 2023 with a total debt of MVR 124 billion, as revealed by data released by the Ministry of Finance. The figures encompass both domestic and external

05 Feb, 2024

Business·News·Politics

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MMA

Financial Intelligence Unit gets a new head

Central Bank Raises Dollar Supply Ahead of Ramadan

Maldives Faces Rising Tensions as Ex‑Pension Board Member Warns of Inflation Risks From MVR 2.4 Billion Bond Plan

Maldives Economy Records Strong December Growth as Reserves Approach $1 Billion

Maldives Sees Surge in 100‑Rufiyaa Notes as ATM Network Expands

Pension Office Chairman Resigns Over Central Bank–Financed Bond

Two New Banks Approved to Bolster Maldives’ Financial Sector

Maldives Moves Forward with Digital Transformation, but Spending Raises Questions

India and Maldives Take Key Step Towards De-dollarization with Local Currency Trade Agreement

Majlis Approves Ahmed Munawar for Central Bank Governorship

Ahmed Munawar’s Impactful Tenure as Minister of Finance

Navigating Digital Payment Hurdles in the Maldives

Maldives Ends 2023 with MVR 124 Billion Debt, Reflecting a 115.9% Debt-to-GDP Ratio

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