Maldives central bank, Maldives Monetary Authority (MMA) said they had sold USD 650 million (MVR 10 billion) in 2021.
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A seller shows dollar bills in discontent over the implementation of bitcoin on El Tunco beach, La Libertad, El Salvador on September 4, 2021: The amount of US Dollars sold by Maldives Monetary Authority increased by 2.4 percent last year. -- Photo: Marvin Recinos / AFP
Lamya Abdulla
2022-05-12 15:07:32
Maldives central bank, Maldives Monetary Authority (MMA) said they had sold USD 650 million (MVR 10 billion) in 2021.
According to MMA’s annual report, 60 percent of the US Dollars sold from the bank was released to state-owned companies. This amounts to approximately USD 383 million (MVR 5.9 billion). USD 266 million (MVR 4.1 billion) was sold to commercial banks. USD 30 million (MVR 463 million) was sold to travelers.
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