President states tourism forex regulations will not be changed

President Dr Mohamed Muizzu has stated last night that no changes will be brought to the forex regulations that require resorts to exchange USD 500 per guest at a local bank. He stated that exchange of dollars at local banks bring significant benefits to the Maldives' economy.

At a ceremony held last night at the Social Centre to mark one year since this administration came to office, the President reiterated several times that there will be no changes to this forex regulation.