MPAO: MVR 2.4B investment will create FX reserve

14 hours ago

The MVR 2.4 billion investment proposal made by the Finance Ministry will eliminate the need to purchase foreign currency from the market and create a foreign currency or FX reserve within the pension fund through an investment, says Maldives Pension Administration Office (MPAO) in a statement. The MPAO’s statement on Tuesday comes amid mounting concern over the proposal, and its potential