Exchange_rate - The Edition

Exchange Rate

Amendment to exchange 40 percent of USD revenue in banks

24 Aug 2026

7 unauthorized money changers exchanged USD 77mn in 9 months

24 Aug 2026

MMA raises forex requirement to boost dollar flow

21 May 2025

98 applicants for money exchanger license, process ongoing

20 Feb 2025

Licenses of 163 money exchangers revoked

2 Dec 2024

MMA gazettes money changing business regulations

2 Oct 2024

State overdraws MVR 8.2 Billion in three years

20 Dec 2023

Black market USD rate drops below MVR 16

4 Mar 2021

Amendment to exchange 40 percent of USD revenue in banks

24 Aug 2026

7 unauthorized money changers exchanged USD 77mn in 9 months

24 Aug 2026

MMA raises forex requirement to boost dollar flow

21 May 2025

98 applicants for money exchanger license, process ongoing

20 Feb 2025

Licenses of 163 money exchangers revoked

2 Dec 2024

MMA gazettes money changing business regulations

2 Oct 2024

State overdraws MVR 8.2 Billion in three years

20 Dec 2023

Black market USD rate drops below MVR 16

4 Mar 2021

MMA

Fish exports earn USD 123 million as sector rebounds

In addition to frozen fish, Maldives also exported around 1,400 tonnes of canned fish.

7 Feb 2026

Malika Shahid

Sajid says his dismissal was unlawful

31 Jan 2026

FIU Head Sajid dismissed after sexual harassment allegations

29 Jan 2026

MVR 8.7 billion towards Lui Loan and credit cards

5 Jan 2026

Reserve to be at USD 904 mn by end of next year

3 Jan 2026

Dollar

Attempt to traffic MVR 3.8 mn in foreign currency stopped

Police said they found foreign currency from 18 different countries, including USD 174,161, EUR 56,760 and GBP 1,815, with the total being around MVR 3.8 million.

19 Sept 2026

Umar Shan Shafeeq

Advice against USD exchange with unlicensed parties

9 Sept 2026

Investigation into 27 illegal forex dealers, one arrested

9 Sept 2026

Police request details of illegal foreign currency trading

2 Sept 2026

Police search office of firm accused of illegal dollar sales

1 Sept 2026

Dollar Rate

Dollar rates have come down to previous levels: Saeed

Minister of Economic Development, Transport and Trade Mohamed Saeed has stated that owing to the government's efforts to shut down black market dollar trading, dollar rates have now come down to previous levels.

14 Sept 2026

Mariyath Mohamed

No lack of USD, lacking USD in bank rate: Firaq

11 Aug 2026

Black market dollar value plummets again

4 May 2024

Will work to stabilize dollar rate issue this year: Saeed

26 Jan 2024

MMA hints open market operations to resolve dollar issue

21 Nov 2023

Economy

Maldives Economy Grows Despite Headwinds in Q1

The Maldives’ Q1 2026 accounts reveal an economy pulled in two directions. On one hand, tourism and finance are thriving, driving growth and diversification. On the other, fisheries are collapsing, manufacturing is stagnant, and imports dominate trade.

28 Jul 2026

Malika Shahid

Inflation could reach 6% in Middle East conflict: World Bank

22 Jun 2026

MVR 8.8 bn financial center project sees scope change

6 Jun 2026

Debt must be repaid without burdening the public: Nasheed

6 Jun 2026

Estimate of economic growth drops from 3.9 to 0.7 percent

24 May 2026

mihaaru.com

Exchange Rate

Amendment to exchange 40 percent of USD revenue in banks

7 unauthorized money changers exchanged USD 77mn in 9 months

MMA raises forex requirement to boost dollar flow

98 applicants for money exchanger license, process ongoing

Licenses of 163 money exchangers revoked

MMA gazettes money changing business regulations

State overdraws MVR 8.2 Billion in three years

Black market USD rate drops below MVR 16

Amendment to exchange 40 percent of USD revenue in banks

7 unauthorized money changers exchanged USD 77mn in 9 months

MMA raises forex requirement to boost dollar flow

98 applicants for money exchanger license, process ongoing

Licenses of 163 money exchangers revoked

MMA gazettes money changing business regulations

State overdraws MVR 8.2 Billion in three years

Black market USD rate drops below MVR 16

MMA

Fish exports earn USD 123 million as sector rebounds

Sajid says his dismissal was unlawful

FIU Head Sajid dismissed after sexual harassment allegations

MVR 8.7 billion towards Lui Loan and credit cards

Reserve to be at USD 904 mn by end of next year

Dollar

Attempt to traffic MVR 3.8 mn in foreign currency stopped

Advice against USD exchange with unlicensed parties

Investigation into 27 illegal forex dealers, one arrested

Police request details of illegal foreign currency trading

Police search office of firm accused of illegal dollar sales

Dollar Rate

Dollar rates have come down to previous levels: Saeed

No lack of USD, lacking USD in bank rate: Firaq

Black market dollar value plummets again

Will work to stabilize dollar rate issue this year: Saeed

MMA hints open market operations to resolve dollar issue

Economy

Maldives Economy Grows Despite Headwinds in Q1

Inflation could reach 6% in Middle East conflict: World Bank

MVR 8.8 bn financial center project sees scope change

Debt must be repaid without burdening the public: Nasheed

Estimate of economic growth drops from 3.9 to 0.7 percent

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