Raajje.mv
Raajje.mv
  • ރާއްޖެ
  • ދުނިޔެ
  • ކުޅިވަރު
  • ވިޔަފާރި - އިގްތިސާދު
  • ސިއްހަތު
  • ރިޕޯޓު
  • ފިލްމް - މިޔުޒިކް
  • ތަފާތު ޚަބަރު
  • އިސްލާމް
  • ލައިފް ސްޓައިލް
localThe President's Office

President's Office deletes statement issued in response to "Dhauru", replacing it with a new one following widespread public criticism

7 ސެޕްޓެމްބަރު 2026 | ހޯމަ 08:24

The President's Office has refuted a report by "Dhauru" news claiming that the decision to require resorts to exchange 40 percent of their foreign currency earnings through local banks was made without consulting the Maldives Association of Tourism Industry (MATI). In an official statement, the President's Office clarified that multiple discussions were held with MATI leadership regarding the amendment, dismissing allegations that the government spokesperson had provided false information as baseless and contrary to the facts.

ޝާމާ ޝުއައިބް
Shama Shuaib | 7 ސެޕްޓެމްބަރު 2026 | ހޯމަ 08:24
Government Spokesperson Mohamed Hussain Shareef (Mundhu).

Government Spokesperson Mohamed Hussain Shareef (Mundhu). | President's Office

The President's Office has retracted a press release and issued a revised version following public backlash over the language used to describe a report by the news outlet "Dhauru." The original statement, which accused the publication of spreading "outright and blatant lies," was deleted after being criticized for its unprofessional tone.

The news outlet Dhauru has published a report labeling Chief Government Spokesperson Mohamed Hussain Shareef’s (Mundhu) claim as a "blatant lie," after he stated on Sunday that the decision to mandate resorts to convert 40 percent of their foreign currency earnings was made following consultations with resort owners.

In its initial statement refuting the allegations against Shareef, the President's Office dismissed the report as a "blatant lie." However, the choice of language in the official statement drew widespread criticism and concern from the public. Following the backlash, the President's Office deleted the original post and issued a revised statement. In the updated version, the office characterized the claims published by Dhauru as "baseless allegations."

The President's Office further stated that the allegations made in the report published by Dhauru news are false. The report claimed that the Chief Spokesperson at the President's Office had provided misleading information during Sunday's media briefing by stating that the government had consulted and conducted research with tourism industry stakeholders before amending the law to require resorts to exchange 40 percent of their monthly foreign currency earnings. The news outlet characterized the government's decision as a "surprise" to the industry.

Following President Dr. Mohamed Muizzu’s ratification of the First Amendment to the Foreign Exchange Act on August 31, the statement noted that Category A tourism establishments are now required to convert 40 percent of their monthly gross sales. This amendment removes the previous option of converting a fixed rate of $500 per tourist. The statement further clarified that Category B establishments are now mandated to convert foreign currency at a rate of $25 per tourist or 20 percent of their total gross sales.

The President's Office stated that the recent legislative changes and the broader fiscal reforms were discussed with the Maldives Association of Tourism Industry (MATI) on multiple occasions. Furthermore, the Office noted that consultations were also held individually with various leadership figures within MATI.

The President's Office stated that the most recent meeting took place on August 23, where senior government officials held extensive discussions with the leadership of the Maldives Association of Tourism Industry (MATI). The government delegation included Home Minister Ali Ihusaan, Finance Minister Hassan Zareer, Economic Minister Mohamed Saeed, Attorney General Ahmed Usham, Tourism Minister Mohamed Ameen, and the Governor of the Maldives Monetary Authority, Ahmed Munawar. According to the President's Office, MATI was represented by six officials at the meeting, led by the association's Vice Chairman, Secretary General, and Deputy Secretary General.

The President's Office stated that a press release issued by MATI on August 24, 2026, confirms the participation of its senior officials in the consultative meetings. Consequently, the office dismissed MATI's claims of not being consulted as factually incorrect. The President's Office further asserted that MATI's expression of sudden surprise is also unfounded. Therefore, the office maintained that the allegations labeling the Chief Spokesperson's statements as a "blatant lie" are themselves contrary to the facts.

MATIForeign Currency TradingMohamed Hussain Shareef (Mundhu)

Popular

1

Maldives, once considered a "tax haven," has now transformed into a "tax hell" :Shaaz Waleed.

2

Awarding Thilafushi Port to China a Matter of Concern for India: Report

3

Missing 25-year-old woman presents herself to police

4

Small Tourism Operators Warn Tax Changes Could Halt Maldives Travel Packages

5

22 percent of tourists visiting the Maldives spent their holidays in guesthouses

More from Raajje.mv

06 ސެޕްޓެމްބަރު 2026

205 Political Appointees Dismissed Over the Past Three Months: Shareef

06 ސެޕްޓެމްބަރު 2026
205 Political Appointees Dismissed Over the Past Three Months: Shareef
31 އޯގަސްޓު 2026

Foreign currency exchange rates on black market are already beginning to decline: President Muizzu

31 އޯގަސްޓު 2026
Foreign currency exchange rates on black market are already beginning to decline: President Muizzu
31 އޯގަސްޓު 2026

President’s Office Orders Recall of Diplomat Over Inappropriate Video

31 އޯގަސްޓު 2026
President’s Office Orders Recall of Diplomat Over Inappropriate Video
31 އޯގަސްޓު 2026

Foreign Exchange Amendment Criminalizes Dollar Sales Above Official Rate

31 އޯގަސްޓު 2026
Foreign Exchange Amendment Criminalizes Dollar Sales Above Official Rate
31 އޯގަސްޓު 2026

Resorts will face no difficulties in converting 40 percent of their foreign exchange earnings; that is a certainty: President

31 އޯގަސްޓު 2026
Resorts will face no difficulties in converting 40 percent of their foreign exchange earnings; that is a certainty: President
27 އޯގަސްޓު 2026

President Muizzu fails to provide a specific date for ending USD black market, nor could he outline a definitive solution to resolve issue

27 އޯގަސްޓު 2026
President Muizzu fails to provide a specific date for ending USD black market, nor could he outline a definitive solution to resolve issue
26 އޯގަސްޓު 2026

New Rules Ban Black-Market USD Rates, Impose MVR 500,000 Fines

26 އޯގަސްޓު 2026
New Rules Ban Black-Market USD Rates, Impose MVR 500,000 Fines
26 އޯގަސްޓު 2026

Parliament passes amendment requiring resorts to exchange 40 percent of foreign currency earnings

26 އޯގަސްޓު 2026
Parliament passes amendment requiring resorts to exchange 40 percent of foreign currency earnings
26 އޯގަސްޓު 2026

MMA is an extension of President's Office; foreign exchange issues cannot be resolved through legislation: Shamheed

26 އޯގަސްޓު 2026
MMA is an extension of President's Office; foreign exchange issues cannot be resolved through legislation: Shamheed
23 އޯގަސްޓު 2026

President’s Office desk auctioned after severe termite damage

23 އޯގަސްޓު 2026
President’s Office desk auctioned after severe termite damage
ރާއްޖެދުނިޔެކުޅިވަރުވިޔަފާރި - އިގްތިސާދުސިއްހަތުރިޕޯޓުފިލްމް - މިޔުޒިކްތަފާތު ޚަބަރުއިސްލާމްލައިފް ސްޓައިލް
RaajjeMV
RaajjeTV
Raajje Sport
RaajjeTV Live
RaajjeTV PR
RaajjeMV
Raajje.mv

Copyright © 2010-2025 Raajje Television Pvt Ltd.

All rights reserved

ޕްރައިވެސީ ޕޮލިސީކިޔުންތެރިންގެ ހިޔާލުޓާމްސް އޮފްޔޫސް