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A service for banking industry professionals · Thursday, March 13, 2025 · 793,491,140 Articles · 3+ Million Readers
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Maldives Monetary Authority News Monitoring

  • Published on 11:27 GMT

    96% of projected loans, grant assistance not received

    It has been revealed that, in addition to the state's failure to meet its projected revenue for February, 96 percent of the loans and grant assistance projected to be received in the state budget for this year has also not been received. The state …

    Source: Sun Online International - Uncategorized
  • Published on 07:24 GMT

    China's lending practices push Maldives toward sovereign default

    The Maldives is grappling with a mounting debt crisis that threatens its economic sovereignty, as foreign exchange reserves dwindle to precarious levels while substantial debt repayments loom. According to an article by human rights advocate and freelance …

    Source: The Economic Times - Label Pending
  • Published on Mar 12, 2025

    Gov will not print money in an irresponsible manner: Nazim

    Deputy Speaker of Parliament and MP for Dhiggaru Ahmed Nazim has said yesterday that even if this government prints money, they will not do so in an irresponsible manner. In yesterday's meeting of the parliament's Public Accounts Committee, Nazim …

    Source: The Edition - Neutral
  • Published on Mar 12, 2025

    Shujau: MDP Worried About Government’s Good Governance

    Baarashu Constituency MP Ibrahim Shujau has claimed that the Maldivian Democratic Party (MDP) is concerned because the current administration is working for the benefit of the people. Shujau made the remarks in a post on X, responding to opposition …

    Source: Ras Online - Uncategorized
  • Published on Mar 11, 2025

    Govt attracts criticism with money printing decision

    The current government, which had come to power with a strong anti-overdraft or anti-money printing policy, has reportedly decided for a significant overdraft from the central bank – a decision that has sparked both public and political outrage. The …

    Source: Sun Online International - Uncategorized
  • Published on Mar 11, 2025

    Government printing MVR 15 billion due to Foreign Policy failures: Shahid

    Maldivian Democratic Party (MDP) President Abdulla Shahid has strongly criticized the government’s decision to print MVR 15 billion, calling it reckless and a violation of financial laws. In a post on X, Shahid claimed that the Maldives Monetary Authority …

    Source: Ras Online - Uncategorized
  • Published on Mar 11, 2025

    Maldives' Official Reserves increase by 18% in first quarter

    The Maldives’ official reserves grew by 18% in the first quarter of 2025, according to the Maldives Monetary Authority (MMA). Data released by the central bank shows that both official and usable reserves increased as of February this year. Official …

    Source: Ras Online - Uncategorized
  • Published on Mar 11, 2025

    Motion to dismiss Deputy Governor of MMA submitted to majlis

    A motion has been submitted to parliament seeking the dismissal of the Deputy Governor of central bank Maldives Monetary Authority Ahmed Imad. The motion was submitted by ruling People's National Congress (PNC) MP for Dhihdhoo Abdul Latheef. It states …

    Source: The Edition - Neutral
  • Published on Mar 11, 2025

    Shuhadh resigns from MMA Board

    Shuhadh Ibrahim has also resigned from central bank Maldives Monetary Authority's Board. Shuhadh sent in his resignation letter yesterday, Mihaaru News reports. The letter, addressed to MMA Governor Ahmed Munawwar states that there are concerning risks …

    Source: The Edition - Neutral
  • Published on Mar 11, 2025

    Committee green lights dismissing Deputy Governor of MMA

    The Parliament's Public Accounts Committee has approved the dismissal of the Deputy Governor of the Maldives Monetary Authority MMA Ahmed Imad. His dismissal was submitted to the Parliament's Committee by the MP for Dhihdhoo Constituency, Abdul …

    Source: The Press Maldives - Center-right
  • Published on Mar 11, 2025

    Govt seeks to dismiss deputy governor Imad

    A no-confidence motion has been submitted to the Parliament’s Public Accounts Committee against Ahmed Imad, the deputy governor of Maldives Monetary Authority (MMA), amid controversy regarding the People’s National Congress (PNC) administration’s plan to …

    Source: Sun Online International - Uncategorized
  • Published on Mar 11, 2025

    Shuhad becomes latest to resign from MMA board

    Shuhad Ibrahim, who represents the Economic Ministry on the board of the Maldives Monetary Authority (MMA), has tendered his resignation. The resignation comes with the government working on raising MVR 15 billion by selling a plot of land from Hulhumale’ …

    Source: Sun Online International - Uncategorized
  • Published on Mar 11, 2025

    MVR 100 million in borrowed budget support repaid

    The Maldivian government has repaid the USD 100 million borrowed from Cargill Financial Services International (CFSIT) during former President Ibrahim Mohamed Solih's administration as budget support. The then MDP government secured the loan in 2022 …

    Source: The Edition - Neutral
  • Published on Mar 11, 2025

    Finance Ministry Economist Zayan submits resignation

    Senior Economist at the Ministry of Finance, Mohamed Zayan Ahmed, has submitted his resignation. Zayan has been leading the Finance and Fiscal Department since 2023 and previously worked as a Fiscal Consultant and Policy Expert. He also represents the …

    Source: The Edition - Neutral
  • Published on Mar 11, 2025

    Usable reserves increase to USD 179 million

    Maldives' usable reserves stood at USD 179 million at the end of February, marking an increase of USD 63 million from the previous month, according to data released by the Maldives Monetary Authority (MMA). Usable reserves stood at USD 116 million in …

    Source: The Edition - Neutral
  • Published on Mar 10, 2025

    Inflation on food products at 8.4 percent in January

    In January, food inflation was at 8.4 percent. As per statistics shared by central bank Maldives Monetary Authority, food inflation is 3.3 percent higher this January than it was in the same period last year. Last year, food inflation was highest in August …

    Source: The Edition - Neutral
  • Published on Mar 10, 2025

    MMA in talks to purchase land plot to raise finances

    Maldives Monetary Authority (MMA) has initiated discussions for the purchase of a land plot in Hulhumale' to raise finances for the government. According to reports by Mihaaru News the ongoing talks involve the Finance Ministry and have considered …

    Source: The Edition - Neutral

  • Maldives lacks independent central bank, gov’t controls MMA: Ameer

    Former Minister of Finance Ibrahim Ameer has stated that the Maldives Monetary Authority (MMA) has lost its independence, that there is currently no independent central bank in the Maldives and that the government controls MMA. Ameer has made these remarks …

    Source: Raajje - Center-right

  • MDP warns of impending economic disaster

    Former finance minister Ibrahim Ameer, a senior politician from the main opposition Maldivian Democratic Party (MDP), warned on Monday that the People’s National Congress (PNC) administration is pushing the Maldives to the brink of an economic disaster …

    Source: Sun Online International - Uncategorized

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