MMA Injects Three Billion Rufiyaa via OMO
MIMihaaru – a month ago
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The central bank, MMA, has injected three billion rufiyaa under its Open Market Operations (OMO). This operation was initiated in July last year to reduce the liquidity of Maldivian Rufiyaa circulating in the banking system, aiming to mitigate negative impacts on the exchange rate. Last year, the money circulating in the economy also increased by 21 percent.