Maldives Instant Payment System “Favara” revolutionizes financial landscape as three banks join the innovation wave
The Maldives financial sector has taken a significant leap towards digital transformation with the official inauguration of the Maldives Instant Payment System, “Favara.” In a momentous ceremony on August 26, 2023, Vice President Faisal Naseem launched the pioneering payment system, highlighting its potential to revolutionize the nation’s financial infrastructure. The inception of the Favara payment […]
November saw 90,218 tourists arrive, a 14% drop in monthly terms, the Maldives Monetary Authority’s Monthly Economic Review reveals.
Arrivals in September plunged 13 percent in monthly terms according to the Maldives Monetary Authority’s Monthly Economic Review.
August saw a 7.8% year-on-year increase in Chinese arrivals, as well as an phenomenal 407% year-on-year increase in fish exports.
Total tourist arrivals in July climbed in both monthly and annual terms by 28 percent and 4 percent respectively, totalling 104,517, notes the Maldives Monetary Authority’s Monthly Economic Review.
June 2015 saw a decline in both tourist arrivals and fish exports, according to the latest MMA Monthly Economic Review.
Maldives Monetary Authority publishes 2014 annual report, estimates total tourism receipts at US$2.6bn
The Maldives Monetary Authority’s 2014 Annual Report covers developments in the domestic economy, MMA initiatives and the outlook for 2015.
The Maldives Monetary Authority’s Monthly Economic Review, vol. 9 published May 31st, highlights growth in arrivals despite falling occupancy.
The Maldives Monetary Authority (MMA) has announced that it will be launching a new family of seven banknotes on De La Rue’s Safeguard polymer substrate.