Maldives Notifies New Foreign Currency Rules
New foreign currency rules set in Maldives
Dollar-starved Maldives has floated a new foreign currency regulation, limiting types of transactions allowed in foreign currency and imposing mandatory foreign currency exchange controls on tourism establishments and banks.
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Maldives Enforces New Foreign Currency Rules, Heavy Penalties For Violators
The Maldives Monetary Authority introduced the regulation on October 1, mandating that all foreign currency revenues generated by the tourism industry must be deposited in local banks
Maldives Introduces New Foreign Currency Rules: Here's What Tourists Should Be Aware Of
Maldives last month averted a potential default on an Islamic bond payment after India extended a USD 50 million interest-free loan.
Maldives introduces new foreign currency rules amid dollar shortage
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Maldives Implements New Currency Exchange Rules Amid Economic Challenges
Maldives introduces new foreign currency regulations due to economic strain. The rules limit foreign currency transactions and enforce mandatory exchanges within the tourism sector. The Maldives is tackling foreign debt and a currency shortage,
Maldives Tightens Rules on Tourism Industry Transactions, Mandates Currency Exchange - All You Need To Know
The Maldives has introduced new foreign currency regulations, requiring tourism operators to deposit foreign currency earnings in local banks and mandating currency exchange of at least USD 500 per tourist.
Maldives notifies new foreign currency rules
Maldives has introduced new rules requiring all foreign currency earnings from the tourism sector to be deposited in local banks. The regulation mandates transactions within the country to be in Maldivian Rufiyaa,
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