A higher amount of dollars will be issued to banks this year: MMA

Deputy Governor of the central bank, Maldives Monetary Authority (MMA), Ahmed Imad has stated that the amount of USD issued to national commercial banks in the country will see an increase this year compared to last year.

While Senior Officials of MMA were summoned to the Parliament's Public Accounts Committee, MP of the Maradhoo Constituency, Ibrahim Shareef had recalled that Bank of Maldives (BML) formerly disbursed dollars upto 25 percent to allow purchase of foreign currency essential for businesses.