Remittances abroad up eight percent

3 days ago

Outward remittances from Maldives totalled USD 167.6 million last year, an eight‑percent increase, according to the Maldives Monetary Authority (MMA). Remittances refer to money transferred by individuals, typically expatriate workers, to their home countries. The MMA’s annual report includes data on both outward and inward remittance flows. According to the report, USD 167.6 million was sent abroad through 139,000 outward remittance transactions