Black Market Dollar Rate Drops to MVR 17 for the First Time Since Pandemic

2026-01-25 - 21:08

The price of dollars on the foreign exchange black market has dropped to MVR 17, the lowest it has been since the peak of the COVID-19 pandemic. While the dollar rate was previously around MVR 19.25, it unexpectedly dropped to around MVR 18.50 in early January. Earlier this month, the rate fell again, to between