Foreign Currency Trading

11 articles

Government Spokesperson Mohamed Hussain Shareef (Mundhu).

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

A photo of US dollar banknotes.

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

President signs first amendment to Foreign Exchange Act into law.

Foreign Exchange Amendment Criminalizes Dollar Sales Above Official Rate

President Dr. Mohamed Muizzu has ratified the Foreign Exchange Act Amendment Bill, along with six additional pieces of legislation, during a formal ceremony.

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

President Muizzu attends National Day flag-hoisting ceremony.

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

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

Dr. Ahmed Shamheed, the Member of Parliament for the South Hulhumalé constituency, delivering his remarks on the floor.

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

Deadline set for the review of the bill to amend Law No. 32/2024 (Foreign Exchange Act) as committee stage begins.

Committee Amended Foreign Exchange Bill Without Consulting Technical Experts: Shamheed

Maldivian coins placed atop a stack of United States dollar banknotes.

Black market USD rates surge past MVR 22.85!

Hussain Ziyad, Member of Parliament for the Vaikaradhoo constituency.

USD crisis cannot be resolved without replacing the Economic Minister: Ziyad