MMA

11 Mar, 2025

A Paradise in Peril: The Maldives’ Economic Spiral

MALE’, Maldives — A crisis brews in paradise, a tale of political maneuvering, economic desperation, and a central bank caught in the storm. What started as whispers of financial missteps has exploded

CYBERIA·SOUTH ASIA

21 Mar, 2024

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

CYBERIA

23 Nov, 2024

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

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

CYBERIA·FEATURED·SOUTH ASIA·VISTASCAPE

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

CYBERIA·FEATURED·SOUTH ASIA

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

CYBERIA·SOUTH ASIA·VISTASCAPE

Bank of Maldives Eases Financial Strain for Borrowers

In a practical move aimed at assisting borrowers, the Bank of Maldives (BML) has decided to lower overdue interest rates, effective from January 24th, 2024. The reduction, from 2% to 0.5%, signifies

04 Feb, 2024

CAPITALOG·CYBERIA·SOUTH ASIA·VISTASCAPE

MMA