Maldives: Statement by IMF Staff Mission
“The Maldives government adopted a new exchange rate regime under which the Maldivian rufiyaa (MRF) will float in a band of 20 percent in either direction around a central parity of MRF 12.85 per U.S. dollar. IMF staff supports this decision made by the authorities.
“We remain in close contact with the authorities and are ready to offer any technical assistance that they may request. Today's bold step by the authorities represents an important move towards restoring external sustainability.”
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