Maldives targets forex shortage with new strategic plan

Maldives Monetary Authority (MMA)

The Maldives Monetary Authority (MMA) is weighing changes to the way it sets monetary policy as it looks to reduce dollarisation and tackle a “persistent” shortage of foreign exchange.

“Given the import-dependent nature of the local economy, the interrelated problems of the shortage of foreign exchange and high dollarisation are the two most pressing issues,” writes governor Ahmed Naseer in the introduction to the MMA’s new strategic plan.

The authority plans to redesign its monetary policy

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: