Foreign Currency Law

4 articles

An aerial view of OUTRIGGER Maldives Maafushivaru, a luxury high-end resort located in Ari Atoll.

Resorts under immense pressure: mandated to exchange 40 percent of gross revenue, all taxes and fees already being settled in USD

President signs first amendment to Foreign Exchange Act into law.

Foreign Exchange Amendment Criminalizes Dollar Sales Above Official Rate

Meekail Ahmed Naseem, Member of Parliament for the South Galolhu constituency.

Muizzu Government Admits Economic Policies Have Failed: MP Meekail

USD notes

Pres. ratifies bill mandating USD conversion