India arranges $200m currency swap to improve Maldives reserves

The last time India gave a currency swap to the Maldives was in December 2020, when it received USD 250 million, cleared this year.

9 December 2022

Maldives to introduce Rufiyaa's digital currency version

The name given to the digital currency issued by a country's central bank is Central Bank Digital Currency (CBDC).

29 November 2022

Lebanon to devalue currency by 90% on Feb. 1: central bank chief

Several rates remain, including the official rate, the central bank's Sayrafa exchange platform rate which currently stands at 38,000 pounds per U.S. dollar.

1 February 2023

Global central banks deliver historic rate hike blast in 2022

All major central banks bar the Bank of Japan raised rates this year.

25 December 2022

Governor kept in dark over Indian loan specifics: Opposition

The opposition has demanded that the Governor step down from the post.

15 December 2022

Speeding up green transition would make it cheaper too

On a cumulated basis, banks would suffer losses equal to 0.7% of their loans by 2030 under the accelerated transition, compared to 0.9% under the "late push".

7 September 2023

Instant payment system trials begin

The instant payment system is designed to make financial transactions easy and secure with the help of modern technology.

26 July 2023

1.2 million bank cards; MVR 17.9b transactions, MMA says

According to MMA statistics, in 2022 alone, 45.7 million transactions had been made using credit, debit and prepaid cards.

28 October 2023