Over USD 50M exchanged; reserve increased by 5 percent

1 week ago

Central bank, Maldives Monetary Authority (MMA) states USD 50 million has been exchanged under the foreign currency exchange regulation that mandates tourist establishments and other select businesses to exchange a portion of USD revenue at Maldivian bank, that has subsequently increased the state reserve. According to statistics shared by MMA on Monday, the state reserve stood at USD 708.1 million at