President Muizzu's Advisor Khaleel Resigns Following Amendments to Foreign Exchange Laws
26 އޯގަސްޓު 2026 | ބުދަ 19:06According to information received by RaajjeMV, Khaleel resigned from his position on Wednesday. His resignation comes at a time when the People's Majlis has recently passed the Foreign Exchange Act.
President Dr. Mohamed Muizzu presents the letter of appointment to Khaleel as Advisor to the President. | President's Office
Mohamed Khaleel, the Tourism Advisor to President Dr. Mohamed Muizzu, has resigned from his post.
RaajjeMV has learned that Khaleel tendered his resignation on Wednesday. His departure comes at a significant juncture, following the People’s Majlis' recent passage of the Foreign Exchange Act.
According to the bill, it is prohibited to publish information regarding the sale of foreign currency on the black market at rates exceeding the official exchange rate set by the Maldives Monetary Authority (MMA). The proposed legislation also includes provisions to impose heavy fines on those found to be in violation of these regulations.
Furthermore, the bill includes a provision mandating that resorts exchange 40 percent of their foreign currency earnings into local banks. This move has drawn significant criticism from tourism industry stakeholders and economic experts, who have voiced their concerns against the government's decision.
Khaleel is a seasoned veteran of the Maldivian tourism industry. In addition to serving as the Managing Director of Pulse Hotels & Resorts, he is a shareholder in Manta Air. President Muizzu has also appointed Khaleel to the Economic Council.
