Foreign_currency_act - The Edition

Foreign Currency Act

Foreign Currency Act comes into effect today

1 Jan 2025

Foreign Currency Act comes into effect today

1 Jan 2025

MMA

Fish exports earn USD 123 million as sector rebounds

In addition to frozen fish, Maldives also exported around 1,400 tonnes of canned fish.

7 Feb 2026

Malika Shahid

Sajid says his dismissal was unlawful

31 Jan 2026

FIU Head Sajid dismissed after sexual harassment allegations

29 Jan 2026

MVR 8.7 billion towards Lui Loan and credit cards

5 Jan 2026

Reserve to be at USD 904 mn by end of next year

3 Jan 2026

Dollar

Attempt to traffic MVR 3.8 mn in foreign currency stopped

Police said they found foreign currency from 18 different countries, including USD 174,161, EUR 56,760 and GBP 1,815, with the total being around MVR 3.8 million.

19 Sept 2026

Umar Shan Shafeeq

Advice against USD exchange with unlicensed parties

9 Sept 2026

Investigation into 27 illegal forex dealers, one arrested

9 Sept 2026

Police request details of illegal foreign currency trading

2 Sept 2026

Police search office of firm accused of illegal dollar sales

1 Sept 2026

Economy

Maldives Economy Grows Despite Headwinds in Q1

The Maldives’ Q1 2026 accounts reveal an economy pulled in two directions. On one hand, tourism and finance are thriving, driving growth and diversification. On the other, fisheries are collapsing, manufacturing is stagnant, and imports dominate trade.

28 Jul 2026

Malika Shahid

Inflation could reach 6% in Middle East conflict: World Bank

22 Jun 2026

MVR 8.8 bn financial center project sees scope change

6 Jun 2026

Debt must be repaid without burdening the public: Nasheed

6 Jun 2026

Estimate of economic growth drops from 3.9 to 0.7 percent

24 May 2026

mihaaru.com