MALDIVES


Currency: Maldivian Rufiaa (MVR)

RTGS: Maldives Real Time Gross Settlement (MRTGS)

Messages format currently in use: SWIFT MT

ISO migration planned? Timeline: Pilot operation and Go-Live to start in February 2022 after a phase of solution customization, installation and progression that is foreseen for a good part of 2021. [1]

  • Q1 2021: inception phase
  • Q2 – Q4 2021: customization, installation and integration
  • Q3 2021 – Q1 2022: training and UAT

Governing body of the migration: Maldives Monetary Authority

Message format: XML ISO20022

[1] http://www.payments.mv/project/