USD 10.5 Million Gained as Revenue for Fish Exports

Central Bank – Maldives Monetary Authority (MMA), confirms the revenues collected for fish exports is an approximate amount of USD 10.5 million for the month of June 2017.

The Bank’s “Economic Review” has shown that while the USD 10.5 Million revenue was collected for the fish exported for the month of June, the quantity was calculated to be around 5.8 metric tons.

MMA report says that the increase of export and revenue is contributed due to the rise in frozen Skip-jack Tuna export from Maldives.

Fishing corporations processed around 8.3 metric ton during the month of July which is a 77% increase compared to the same month of last year – however, it is a slide in 33% compared to this year’s June.