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Maldives Central Bank Mandates 60% Weekly Foreign Exchange Sale by Commercial Banks

themaldivesjournal.com/7...
08 Oct 2024

The Maldives Monetary Authority (MMA) has implemented a new foreign exchange regulation, mandating that all banks operating in the Maldives sell 60% of their weekly foreign exchange holdings to the ce...

Development Bank set to receive license this week

en.sun.mv/92440
08 Oct 2024

The central bank is set to issue an operating license to the Development Bank of Maldives (DBM) within this week. The establishment of a development bank in Maldives is one of President Dr. Mohamed M...

Bank of Maldives now accepting RuPay cards

edition.mv/news/36576
Mariyath Mohamed 07 Oct 2024

Bank of Maldives (BML) has today commenced accepting RuPay cards. RuPay cards will now be accepted at BML's ATMs and POS terminals, the bank confirmed. Director of Retail, Business and SME Banking Moo...

Sri Lanka's leftist government secures $200m World Bank loan

edition.mv/news/36569
07 Oct 2024

Sri Lanka said on Monday it had secured a new $200 million World Bank loan to bolster economic recovery, the first foreign funding since leftist President Anura Kumara Dissanayake won elections. Dissa...

18 Palestinians killed in Israeli strike in West Bank's Tulkarem camp

en.sun.mv/92369
04 Oct 2024

At least 18 Palestinians were killed and several others injured in an Israeli air strike late Thursday on the Tulkarem refugee camp in the northern occupied West Bank. The Palestinian Ministry of Hea...

Bank of Maldives to assist in waste management

edition.mv/news/36467
Mariyath Mohamed 03 Oct 2024

Bank of Maldives (BML) has launched a project today where proposals can be submitted to source resources for waste management. The project is aimed at providing aid to waste management efforts across...

BML selects organizations to receive Bank Fund

edition.mv/news/36456
Mariyath Mohamed 03 Oct 2024

Bank of Maldives has announced the recipients of its 'Bank Fund', aimed at empowering NGOs to contribute to their communities through sustainable projects. This is the first year that the Bank Fund is...

Maldives Development Bank to Receive Licenses This Week: Governor Munawwar

themaldivesjournal.com/7...
03 Oct 2024

The Maldives Monetary Authority (MMA) will grant the necessary licenses for the Development Bank of Maldives this week, according to Governor Ahmed Munawwar. Speaking at a program on the Public Servic...

Five NGOs win funding for community projects under BML’s ‘Bank Fund’ program

en.sun.mv/92331
02 Oct 2024

The Bank of Maldives (BML) has announced the winners of its inaugural ‘Bank Fund’ program – an initiative launched by the national bank to empower local non-governmental organizations (NGOs), charity...

License for Development Bank will be issued this week: MMA

psmnews.mv/en/145068
02 Oct 2024

Governor of the Maldives Monetary Authority (MMA) Ahmed Munawwar has stated that MMA's Board of Directors have approved the license required for the DBM. Speaking to a programme aired on PSM News, M...

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