banks
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Local News
USD 214 mln exchanged with banks under Foreign Exchange Act
President Dr Mohamed Muizzu has revealed that USD 214 million has been deposited and exchanged with local banks under the…
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Local News
Dollar conversions with banks increase following new Foreign Exchange Law
The volume of US dollars converted into Maldivian Rufiya through banks has increased by 40 percent since the amendment to…
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Local News
Gov’t to secure MVR 6.6bln from foreign banks for budget support
The government has planned to obtain MVR 6.6 billion for next year’s national budget from foreign commercial banks. The government…
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Local News
Foreign currency deposits in Maldivian banks decline
Foreign currency deposits to Maldivian banks have declined. According to the World Bank’s Maldives Development Update released this month, foreign…
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Local News
Construction sector loans issued by commercial banks sees a surge
Commercial banks in the Maldives have increased the number of loans issued for construction sectors. According to the Quarterly Economic…
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