How MMA’s Forex rules are gaining momentum in the tourism industry

In its effort to stabilize the flow of U.S. dollars in the Maldives, MMA implemented a measure requiring tourist establishments—such as resorts, guesthouses, and liveaboards—to exchange a mandatory percentage of their U.S. dollar earnings into the local banking system by the end of each month.
In October 2024, the Maldives Monetary Authority (MMA) introduced significant foreign exchange measures to address a persistent U.S. dollar shortage, which had been impacting the economy. This move included amendments...
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Maldives National Debt 94,001,001,001.00 MVR for every single Maldivian

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