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