The Maldives Monetary Authority reported that US$72 million (about MVR 1.1 billion) was remitted overseas in 2023, a 40 percent rise from 2022. Expatriates accounted for 84 percent (US$59 million) of the outflows, with Bangladesh receiving 54 percent, the largest share.
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Remittances amounting to US$72 million (approximately MVR 1.1 billion) were sent overseas in 2023, the Maldives Monetary Authority (MMA) confirmed in its annual Payments Bulletin.
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Remittances amounting to US$72 million (approximately MVR 1.1 billion) were sent overseas in 2023
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This is a 40 percent rise compared to 2022, the central bank said.
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Around 84 percent of last year’s remittances, amounting to US$59 million, were from expatriates, with the remaining 16 percent by Maldivians.
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Around 84 percent of last year’s remittances, amounting to US$59 million, were from expatriates
Word for word from the report in Maldives Republic. Open the report
with the remaining 16 percent by Maldivians.
Word for word from the report in Maldives Republic. Open the report
Bangladesh, in a repeat of 2022, was the largest beneficiary destination with 54 percent of remittances going to the nation.
Word for word from the report in Maldives Republic. Open the report
