Friday, August 19, 2022
DhiDaily - English Edition
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
DhiDaily - English Edition
No Result
View All Result

Usable Reserve Can Be Calculated From MMA’s Statistics, Says Governor 

Ibrahim by Ibrahim
June 14, 2022
0
Usable Reserve Can Be Calculated From MMA’s Statistics, Says Governor 
0
SHARES
7
VIEWS

Governor of Maldives Monetary Authority (MMA) Ali Hashim has stated that the usable reserve of the country can be calculated from the statistics published by the authority.

The governor made the remarks while speaking at the Parliamentary Committee on Public Accounts, in response to a question on the usable reserve. The question was raised after President Ibrahim Mohamed Solih told reporters last week that the usable reserve is not a published figure.

Responding to the committee, Governor Hashim said the usable reserve can now be calculated through the statistics that are regularly published by the authority. The governor said the policy on publishing the usable reserve figure was revised following a recommendation by the International Monetary Fund (IMF) and although the figure is not published separately, it can be calculated using the published data.

Governor Hashim also responded to claims that the usable reserve is under the threat of being exhausted due to rising inflation. The governor said considering the current situation and trends, the likelihood of exhausting the usable reserve is low.

MMA had stated the usable reserve of the country is currently USD316 million and is expected to drop to USD214 million by the end of the year.

Tags: MMA

Related Posts

Parliament Heads into Recess As Preparations for Last Annual Term Edges Closer
Local

Government to Forward 30 Bills for Last Session of Parliament 

August 18, 2022
STO Lowers Fuel Prices
Business

STO Lowers Fuel Prices

August 18, 2022
Health Ministry Ordered to Recover US$ 33,000
Local

Health Ministry Ordered to Recover US$ 33,000

August 18, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
The Power of Women’s Leadership, A Powerful Economy

The Power of Women’s Leadership, A Powerful Economy

March 14, 2021
MTCC Launches Online Top-Up Service for Dhathuru Card

MTCC Launches Online Top-Up Service for Dhathuru Card

April 19, 2021
Fire Breaks Out in Vakkaru Resort

Fire Breaks Out in Vakkaru Resort

December 14, 2021
The Defining Challenge & Scandal of Solih's Gov't

COVID-19 & Ventilators: The Defining Challenge & Scandal of Solih’s Gov’t

March 28, 2021
Speaker Nasheed Undergoes Multiple Successful Surgeries

“I Will Not Compete Against President Solih” – Nasheed

1
Cat Strangling Video Receives Backlash

Cat Strangling Video Receives Backlash

1
UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

0
Nasheed Expresses His Concerns and Seeks To Find Answers Regarding The One Room Apartment Project

Nasheed Expresses His Concerns and Seeks To Find Answers Regarding The One Room Apartment Project

0
Parliament Heads into Recess As Preparations for Last Annual Term Edges Closer

Government to Forward 30 Bills for Last Session of Parliament 

August 18, 2022
STO Lowers Fuel Prices

STO Lowers Fuel Prices

August 18, 2022
Health Ministry Ordered to Recover US$ 33,000

Health Ministry Ordered to Recover US$ 33,000

August 18, 2022
Government Opens 30 Scholarships Under Honorary Consuls Scholarship Programme

Government Opens 30 Scholarships Under Honorary Consuls Scholarship Programme

August 18, 2022

Recent News

Parliament Heads into Recess As Preparations for Last Annual Term Edges Closer

Government to Forward 30 Bills for Last Session of Parliament 

August 18, 2022
STO Lowers Fuel Prices

STO Lowers Fuel Prices

August 18, 2022
Health Ministry Ordered to Recover US$ 33,000

Health Ministry Ordered to Recover US$ 33,000

August 18, 2022
Government Opens 30 Scholarships Under Honorary Consuls Scholarship Programme

Government Opens 30 Scholarships Under Honorary Consuls Scholarship Programme

August 18, 2022
DhiDaily - English Edition

© 2022 Dhidaily

  • About
  • Advertise
  • Privacy & Policy
  • Contact

No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި

© 2022 Dhidaily