'Withheld funds by MMA to be used for council election'

1 week ago

Former president Abdulla Yameen Abdul Gayyoom has remarked that there will be no changes to US dollar rate despite central bank, Maldives Monetary Authority (MMA), stopping the circulation MVR 2.1 billion in excess liquidity in the market under a reserve purchase operation, while alleging this was done to secure funds for the upcoming local council elections. MMA, on Thursday, said they