USD 92.9m flowed out of Maldives as Remittance in 2020

3 days ago

Statistics have shown that around USD 92.9 million was sent abroad from the Maldives as Remittance fees.  The Economic Bulletin of the Maldives Monetary Authority (MMA) for the fourth quarter of 2020, showed that Remittance businesses suffered setbacks as a result of COVID-19. The cashflow out of the country in the third quarter was high, however, compared with the third quarter, the