Issuance of the first US Dollar Treasury
bond by the government of Maldives launched
The issuance of the first US Dollar
Treasury bond by the government of Maldives was launched today at a function
held at the President’s Office. This is also the first time that the Maldives is
issuing security bonds denominated in US Dollars.
The function was attended by President Mohamed Nasheed, Vice President Dr
Mohamed Waheed, government ministers, Indian High Commissioner, senior officials
of State Bank of India as well as senior officials of the Maldives Monetary
Authority.
Speaking at the function, Special Envoy of the President Mr Ibrahim Hussain Zaki
said that “this policy instrument that the government is initiating today would
go a long way in consolidating our economy and progressing in the development of
this country”.
At today’s function, the Award of Advice to the State Bank of India was
presented by Minister of State for Finance and Treasury Mr Ahmed As-ad.
A joint press conference by SBI and the Ministry of Finance and Treasury was
also held today
President Mohamed Nasheed will speak on the financial and economic benefits of
issuing Treasury bonds in US Dollar, in his weekly radio address.
This week’s radio address will be broadcast on Voice of Maldives at 10.00
tomorrow morning