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A digest of news and opinion from the Maldives.

Foreign Reserve

Proposed dharumavantha hoispital

US dollar reserve drops in 2017 third quarter

By Maldives Times 1 min read

Ongoing construction of Dharumavantha Hospital, the new 25-storey state hospital being developed in Male. Maldives Monetary Authority (MMA) revealed that US Dollar reserves dropped in the third quarter of this year after the central bank settled payments for the development of the new state hospital in capital Male. According to the central’s bank economic bulletin […]

BML employee counting US dollars

Reserves drop to USD179 mln in October

By Maldives Times 2 min read

An employee of BML pictured counting US Dollars. Following a drop in US Dollar revenue, the usable reserve of the state treasury declined to USD 179 million by the end of October. According to Maldives Monetary Authority (MMA)’s economic review, the central bank’s usable reserve stood at MVR 179.8 million by October end, which is a […]