Maldives Banking System Faces Excess Liquidity Crisis with 6.7 Billion Rufiyaa Amid Forex Shortages
A recent report highlights that the Maldives banking system is grappling with 6.7 billion rufiyaa in excess liquidity, a legacy of money printing during the Covid-19 pandemic. This surplus liquidity is now being converted into loans, which is putting pressure on the country’s currency peg. According to Edition.mv, an online news portal, the Maldives Monetary