MMA to issue USD 'only for necessities' over next 3 months

Maldives Monetary Authority (MMA), on Tuesday, revealed that it would be issuing United States' dollars (USD) to banks over the course of September, October and November, strictly on a need basis.

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Maldives Monetary Authority (MMA) in the capital city of Male'. PHOTO: NISHAN ALI / MIHAARU

Shahudha Mohamed

2020-09-01 14:51:58

Maldives Monetary Authority (MMA), on Tuesday, revealed that it would be issuing United States' dollars (USD) to banks over the course of September, October and November, strictly on a need basis.

According to a statement released by MMA, foreign exchange interventions will increase across the aforementioned months.

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