Muizzu Stands Firm on Controversial Forex Policy Despite Industry Backlash
President Mohamed Muizzu has reaffirmed his commitment to the Maldives Monetary Authority’s (MMA) controversial foreign exchange rules, dismissing widespread opposition…
Over 50 Resorts Reject New Foreign Currency Rule, Demand Government Action
More than 50 resorts are refusing to comply with a controversial new foreign currency regulation, sending formal objections to the…
Maldives May Need to Utilise SDF Funds to Cover Reserves Shortfall: Experts
The Sovereign Development Fund (SDF) will have to be used in the event the state budget is unable to meet…
BML Faces Controversy Over Alleged Card Limit Reduction
Bank of Maldives (BML) has come under fire following allegations of a significant reduction in its foreign currency limits on…
