Dollar Exchange

6 articles

Parliament passes Foreign Exchange Bill with amendments.

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

Parliament has passed an amendment to the Foreign Exchange Act, mandating resorts to convert 40 percent of their monthly foreign currency earnings into local banks.

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

Governor of the Maldives Monetary Authority (MMA), Ahmed Munawar.

Foreign currency usage in the Maldives exceeds 40 percent: Governor

President Dr. Mohamed Muizzu - Under his administration, the black market for the U.S. dollar has expanded, with the exchange rate continuing to escalate on a daily basis

Gov’t tries outlawing math as USD crisis turns into a comedy of errors

President Muizzu Knew State Firms Were Buying Dollars on the Black Market

Mohamed Ibrahim (Kudu), the Member of Parliament for the North Galolhu constituency.

Authorities Urged to Act Against Foreign Currency Regulation Violators