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Topic: Maldives Monetary Authority

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	Foreign vessels not to be allowed back in the EEZ
		The tuna-rich waters around the Maldives provide the country with much-needed foreign revenue and the industry has grown by about seven per cent a year during the past decade as a result of government aid to improve the infrastructure and build boats and canning factories.
		Maldive fishermen say their tuna industry is probably the most environmentally friendly and sustainable in the world.
		According to the Maldives Monetary Authority, frozen tuna exports were worth USD 8.1 million in the first quarter, a massive increase from last year's first quarter figure of USD 2.5 million.
	www.eurocbc.org /page144.html (338 words)

	Maldives Monetary Authority Act 1981
		The principal purposes of the Authority shall be:
		However the Authority may, at its discretion, determine the circumstances and conditions under which the value of any note or coin which has been illegally dealt with or of any mutilated or imperfect note or coin may be refunded.
		The Authority may, periodically or at its discretion cause an inspection to be made by any of its officers of any bank or other financial institution, and its books and accounts for the purpose of ascertaining its manner of operation.
	www.maldiveisle.com /maldivesmonetaryauthorityact.htm (4176 words)

	Maldives- ready for a change: Is Gayoom ready? (Site not responding. Last check: 2007-11-05)
		He is not only the president of the Republic of Maldives, he also holds the position of Commander-in-Chief of the Armed Forces and of the Police, Minister of Defence and National Security, Minister of Finance and Treasury and Governor of Maldives Monetary Authority.
		There are reports that one of his brothers has threatened practically all the heads of the atolls and the islands that unless they get people to write to the president asking not to introduce the party system, they will not only lose their jobs, they might also end up with suspension and long prison sentences.
		The sooner the people of Maldives become master of their own fate and captain of their own destiny, the developments that are claimed to have taken place may help the system in Maldives to be more egalitarian than what it is now.
	www.saag.org /papers12/paper1135.html (2002 words)

	[No title]
		The external affairs of the Maldives were supervised by the colonial administration in Ceylon (Sri Lanka) and it was during the period of the protectorate that the Ceylonese Rupee was introduced into the Maldives.
		In recognition of the transfer of responsibility for the issue of currency to the Maldives Monetary Authority, measures were taken to introduce currency issued under the control of the Monetary Authority.
		The watermark is the Coat of Arms of the Maldives, which consist of a crescent moon encompassing a star, placed on a palm tree, with crossed flags to either side of the moon and star.
	www.pjsymes.com.au /articles/Maldives(article).htm (5539 words)

	Publications
		The Maldives is made up of 1190 islands, which are grouped into 26 natural atolls that together from a chain 820 km in length and 130km at the widest point set in an area of more than 90,000 square kilometers of the Indian Ocean.
		In Maldives the disadvantaged groups of people, namely those living in the atolls are synonymous with the poor, although there is no absolute poverty in the country as in the sub continent.
		In Maldives poverty alleviation primarily means the reduction of regional disparities in living conditions since poverty problem in the country are primarily related to remoteness of islands and lack of services due to mainly sparse population.
	www.bangladesh-bank.org /seminar/cpmaldive.html (1957 words)

	TRADE GUIDE FOR MALDIVES @ MuslimTrade Network!
		Maldives is also member of South Asian Association for Regional Co-operation.
		Maldives Monetary Authority (MMA) is the central bank in Maldives.
		Voice of Maldives and Television Maldives are controlled by the government.
	www.muslimtrade.net /tradeguideline/maldives (547 words)

	The EU's relations with Maldives - Overview
		The Maldives is member to the UN Convention on the Elimination of All Forms of Discrimination against Women (CEDAW), which requires States parties to eliminate all forms of discrimination against women that prevent their enjoyment of their full civil, political, economic and cultural rights.
		Beside the EC’s development assistance, the Maldives has received two deliveries of food aid in the period 1980-89: in 1980 a quantity of 1.500 tons of rice was provided for an amount of 239,000 and in 1982 the country received 100 tons of soya for an amount of 19,000.
		The overall economy of the Maldives experienced an average growth rate of around 10% per annum in the 1980s, slowing to 8.4% in the 1990-99 period and further dropping to 4.6% in 2000.
	europa.eu.int /comm/external_relations/maldives/intro/index.htm (2431 words)

	The Daily Star Web Edition Vol. 5 Num 84 (Site not responding. Last check: 2007-11-05)
		The idyllic Indian Ocean archipelago of the Maldives is in the news.
		Insofar as economic prosperity of Maldives, is concerned there is indeed considerable merit in the president's claim that it is his rule that has brought the Maldives the high economic growth that it now enjoys.
		But his critics question the right of the Maldives president to amend the constitution, which they claim is the exclusive preserve of the special Majlish (Upper House), whose function and composition is also stated in the Maldives' constitution.
	www.thedailystar.net /2004/08/19/d40819020332.htm (1041 words)

	:: Dhivehi Observer :: Peoples Press :: (Site not responding. Last check: 2007-11-05)
		The Republic of Maldives has been in a state of unrest for over a year now due to repeated agitations by large sections of Male, which have been accusing the President of ruling dictatorially and suppressing all political dissidents with the help of the NSS.
		August 13th Black Friday's crackdown in Maldives may have been a measure out of the regimes desperation to stay in power, but now President Gayyoom is using the opportunity to brutalize and torture the country's intelligentsia and the many businesses that had done well in spite of his nearly three-decades rule.
		Demonstrations in the Maldives are rare, and the fact that this latest one is considered so threatening by the government and has been joined by former senior members of the government indicates that perhaps now public opposition to the status quo and desire for democracy has reached a critical mass.
	e-maldives.com /archives/archiveaugust12to20.html (3769 words)

	Maldives culture, society, history, translations and politics, news
		Maldives now has a population of almost 350,000, which means more than 10% of the population of the country has experienced torture during Gayyoom's presidency.
		Minutes after the declaration of emergency rule, when a Maldives Radio reporter said the NSS were chasing people in the streets, he was instantly taken off the air.
		Because the Maldives is by constitutional mandate an Islamic nation and, as a matter of law, all citizens are Muslim, the code will be the world’s first criminal code of modern format that is based upon the principles of Shari'a.
	www.maldivesculture.com /main.html (4602 words)

	Dhivehi Observer News \| South Asia \| Maldives \| News (Site not responding. Last check: 2007-11-05)
		MALDIVES IS AN ISOLATED nation and is among the smallest and poorest countries in the world.
		Maldives' nearest neighbors are Sri Lanka and India, both of which have had cultural and economic ties with Maldives for centuries.
		Ahmed Abbas was along with MDP Chairperson and dragged into the police station on 12th August 2005 whilst they were all participating in a peaceful demonstration in Republican Square in front of the Police HQ in Male' and Ziyad was arrested the next day from his house also in relation to the unrest that followed.
	www.dhivehiobserver.com (1164 words)

	Maldives Culture - Maldives government leaders, the Family and friends
		Even the victimised Ilyas Ibrahim said nothing in favour of the bill but he claims that he was a victim of the unlawfulness of Gayyoom which denied his legal team the rights to defend him in the most known corruption trial of the century in the Maldives [Ilyas corruption trial - early 1990s].
		Amid reports of assurances from the authorities that he would not be detained, he returned in March and was placed under house arrest.
		His reply was, according to the norms and constitution of the Maldives there is no problem, "BUT" don't print this article, you have many other stories to print, he is also known to me too.
	www.maldivesculture.com /govern01.html (2314 words)

	Alleged corruption in resort island allocation threatens Maldives Monetary Authority and World Bank loans
		Reports of alleged graft and corruption in the allocation of Maldive islands for resort development have angered and alienated foreign financiers and bankers who were considering large investments in the country's tourism industry.
		Many of the world's top banks are looking to invest in Maldives but they are deeply concerned about deliberate rake-offs and graft, which deliver no commercial benefit to the country and its population.
		This disquiet in top-level financial circles can have dire consequences for Maldives, not only for the tourist industry but also for the future of the Maldives Monetary Authority and World Bank loans.
	www.maldivesculture.com /news/money_problems_maldives.htm (534 words)

	Area Handbook Series/ Seychelles (Indian Ocean) / Bibliography (Site not responding. Last check: 2007-11-05)
		Maldives and Islands of the East Indian Ocean: A Travel Survival Kit.
		Adeney, M., and Carr, W.K. "The Maldives Republic." In John M. Ostheimer (ed.), The Politics of the Western Indian Ocean Islands.
		Maldives: Forum of Writers on the Environment, 1990.
	www.country-data.com /frd/cs/seychelles/sc_bibl.html (4531 words)

	FREE In-depth report - Politics - Maldives
		His sudden departure from Maldives, subsequently revealed as connected with malfeasance, ended a political era.
		Transition was smooth under the new leadership group presided over by Maumoon Abdul Gayoom, a former cabinet member and diplomat who took office on November 11, 1978, after a peaceful election.
		His principal rival, Ilyas Ibrahim, was sentenced to fifteen years' banishment after being found guilty of "treason" because of his attempts to win the presidency.
	www.exploitz.com /Maldives-Politics-cg.php (611 words)

	[No title] (Site not responding. Last check: 2007-11-05)
		Since mid-2001, the MMA has introduced several reforms aimed at eliminating direct monetary controls, which have greater potential to become subordinate to government fiscal needs, towards increased reliance on market-based indirect instruments.
		This has contributed to undermining the Maldives' international competitiveness, especially in fishing and tourism, and discouraged new exports and economic diversification. The Government's capital and current expenditures increased imports and created excess demand for foreign currency at the fixed exchange rate.
		The MMA was established in 1981 (Maldives Monetary Authority Act) principally to issue currency and regulate the exchange rate; advise government on banking and monetary policy; supervise and regulate banking to provide a sound financial structure; and to promote the international stability of the currency.
	www.wto.org /english/tratop_e/tpr_e/s110-1_e.doc (3947 words)

	Maldives - Politics
		Although in 1994 Maldives had no organized political competition in the Western sense, partisan conflict occurred behind the scenes.
		Battles were intensely fought on the basis of factional or personal alliances among elite circles.
		As a result of Gayoom's increasing assertion of his power in the early 1990s, by 1992 he had assumed the duties of both minister of defense and minister of finance, posts which he still held in August 1994 as well as that of governor of the Maldives Monetary Authority.
	countrystudies.us /maldives/15.htm (489 words)

	Open Directory - Society: Government: Finance: Central Banks (Site not responding. Last check: 2007-11-05)
		Bhutan - Royal Monetary Authority of Bhutan - Describes the RMA's legal status, roles, and has the text of relevant laws.
		Cayman Islands Monetary Authority - Investment services, requirements for creating a bank or insurance company, history of the currency (including the monetary divorce from Jamaica), and economic statistics.
		Singapore - Monetary Authority of Singapore - Directory of financial institutions, statutes and regulations, the "data room" of monetary information, and a licensing guide.
	www.dmoz.org /Society/Government/Finance/Central_Banks (2772 words)

	Maldives \| Economy \| Finance
		The Maldives Transport and Contracting Company (MTCC), was incorporated in the Maldives in 1980.
		Being a seafaring nation, the Maldives has for centuries, carried out overseas trade with other countries in the region.
		The ancient trade in cowry shells was a monopoly of the Maldives, where the money shells were cultivated for export.
	www.maldives.4t.com /economy/eco2.html (437 words)

	Win At Blackjack and more monetary authority (Site not responding. Last check: 2007-11-05)
		The Bermuda Monetary Authority is responsible for the licensing of banks, deposit companies and...
		This Act may be cited as the Royal Monetary Authority of Bhutan Act, 1982, and shall come into force upon such...
		The Bermuda Monetary Authority is responsible for the licensing of banks, deposit companies and investment...
	goldentriangledistribution.com /th/blackjackkey/monetary-authority.htm (672 words)

	Open Directory - Society: Government: Finance: Central Banks (Site not responding. Last check: 2007-11-05)
		Hong Kong Monetary Authority - Workings of its currency board, banking policy and supervision, debt market developments, HIBOR fixings and press releases.
		Kosovo - The Banking and Payment Authority of Kosovo - With a summary of the BPK's responsibilities and of the rules that regulate financial institutions in Kosovo.
		Macau - Monetary Authority of Macau - History, goals, structure, regulatory orders for banking and insurance, economic statistics and a list of commemorative coins.
	www.dmoz.org /society/government/finance/central_banks (2772 words)

	AllRefer.com - Maldives - Currency and Banking \| Maldivian Information Resource
		Established in 1981, the Maldives Monetary Authority was the nation's first central bank.
		In 1974 the first bank established in Maldives was a branch of the State Bank of India.
		The first commercial bank established in Maldives was the Bank of Maldives, Limited.
	reference.allrefer.com /country-guide-study/maldives/maldives24.html (274 words)

	Maldives Monetary Authority
		The Maldives Monetary Authority (MMA) was established on 1st July 1981, and is endowed with the regular powers and obligations of a central bank under the mandate provided by the MMA Act (1981).
		This Bulletin covers developments in the domestic economy during the fourth quarter of 2004, based on information available as at end February 2005.
		This publication includes the staff report for the Use of Fund Resources— Request for Emergency Assistance prepared by a staff team of the IMF, the Press Release summarizing the views of the IMF’s Executive Board and a statement by the Executive Director for Maldives.
	www.mma.gov.mv (120 words)

	PolitInfo.com: Current Events January 2004 (Site not responding. Last check: 2007-11-05)
		The International Monetary Fund has joined the World Bank in forgiving US$4 billion of the $6.5bn debt owed by Nicaragua, sharply reducing the nation's overall debt payments.
		Colonel Rashid Abu Shbak of the Palestinian Authority, said that information was still coming in and the investigating team had been upgraded, but he had no new leads on who was behind the bombing attack of an American diplomatic convoy on October 15, 2002.
		The Republic of Ireland takes over the presidency of the European Union, succeeding Italy, whose presidency is widely criticised as having been a failure due to the collapse of efforts to adopt a European constitution.
	www.politinfo.com /current_events/january_2004.html (2348 words)

	ACU meeting tomorrow -DAWN - Business; May 15, 2005
		The governor of the central bank of Afghanistan and the deputy managing director of Maldives Monetary Authority (central bank) will also attend the meeting as observers.
		The objectives of the ACU are: multilateral settlement of current international transactions; conservation of foreign exchange reserves; promotion of monetary cooperation and closer relations among the members’ banking systems; and provision of currency swap arrangement.
		The representative officials of the central banks of the ACU member nations will make brief presentations on the recent monetary and economic developments in their respective countries, exchange views on the current issues in the international monetary scene, and discuss the future role of the ACU.
	www.dawn.com /2005/05/15/ebr8.htm (301 words)

	The Washington Times - Maldives
		Permanent Mission of Maldives at the United Nations
		A message from the Republic of Maldives UN representative
		The Bank of Maldives moves into the future
	www.internationalspecialreports.com /asiapacific/99/maldives/14.html (127 words)

	Maldives: Letter from Rodrigo de Rato, Managing Director of the IMF, Following the South Asian Earthquake Disaster
		Maldives: Letter from Rodrigo de Rato, Managing Director of the IMF, Following the South Asian Earthquake Disaster
		Please allow me to express, on behalf of the International Monetary Fund, our deepest condolences to your government and the people of your country, especially affected families, for the terrible loss of life experienced as a result of the massive earthquake and tidal waves this past weekend.
		As you begin the difficult task of dealing with the aftermath of these tragic events, we in the International Monetary Fund will explore all possible ways that our institution can assist you.
	www.imf.org /external/np/oth/mdv.htm (211 words)

	Islamic World.Net: Countries (Site not responding. Last check: 2007-11-05)
		Visit Maldives - the official website of the the Ministry of Tourism of the Republic of Maldives
		Dhivehi - Introduction of Dhivehi which is the language spoken by the natives of The Republic of Maldives
		Maldives - Research Perspectives - Part of a PhD research project into Maldivian history at the History department of the University of New England, Armidale, New South Wales, Australia
	islamic-world.net /countries/maldives.htm (289 words)

	The Banknotes of the Maldives (part of the Reference Site for Islamic Banknotes)
		The Banknotes of the Maldives (part of the Reference Site for Islamic Banknotes)
		Finance' and then as 'Governor' of the Maldives
		Additional UV ink with '100' appearing twice in 'block form' over the security thread area.
	www.islamicbanknotes.com /Maldives.htm (56 words)

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