Expat remittances from Maldives hits USD 143.5mn

5 days ago

Maldives’ expatriate workers remitted nearly USD 144 million back to their home countries last year, making a 59 percent increase from the previous year. According to the 2024 payment bulletin released by the Maldives Monetary Authority (MMA), outward remittance transactions amounting to over USD 155.5 million were conducted last year, marking a sharp 121 percent surge between 2023 and 2024. Foreigners accounted