A digest of news and opinion from the Maldives.
Governor of Maldives Monetary Authority, Ali Hashim has warned that borrowing foreign funds to finance development projects could negatively impact the exchange rate. Speaking at a Parliamentary Committee hearing for the 2021 state budget, the Governor cautioned against initiating development projects without guaranteeing a funding source to acquire the necessary foreign currency. He expressed his […]
Governor of the Maldives Monetary Authority (MMA), Ali Hashim has stated that the central bank is preparing to allow additional currencies to be used for import transactions, other than the US Dollar. Speaking at a Parliament Committee on Public Accounts, the Governor said that other currencies are being considered as an attempt to reduce demand […]
Ali Hashim, Governor of the Maldives Monetary Authority (MMA), has said that the Maldives has officially requested for the provision of PayPal services to the country. PayPal is the world’s most popular digital wallet, used for online financial transactions all over the globe. Right now in the Maldives, PayPal’s features are limited only to sending […]