Maldives Monetary Authority (MMA)

Governance & Institutions

Same Dollar, Two Prices: A Regulatory Conundrum
ByAhmed Mohamed Posted on19 August 202617 September 2026

The US dollar trades in the Maldives at prices far above the official exchange-rate band, including through licensed money changers. The resulting question goes beyond the price of the dollar: what does the regulatory framework permit, and who is responsible for ensuring that its rules are followed?

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Monetary Policy & Financial Markets

Central Bank Independence Matters
ByAhmed Mohamed Posted on30 March 202617 September 2026

Central bank independence is more than an institutional principle. For the Maldives, where foreign exchange pressures and fiscal constraints remain significant, the credibility and autonomy of the Maldives Monetary Authority are closely linked to confidence in the Rufiyaa and wider economic stability.

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