Changes may upset some, but people's welfare comes first: President Muizzu

President Muizzu said that the amendments aim to strengthen the retention of US dollars in the Maldives. These amendments will be brought to MMA Regulation and the Money Changers Regulation.

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President Dr Mohamed Muizzu greets Vice President Hussain Mohamed Latheef during last night's PNC meeting -- Photo: Fayaz Moosa

Malika Shahid

2024-08-27 14:12:24

A Maldives Monetary Authority (MMA) regulation will be amended this week to require companies earning dollars in the Maldives to exchange those dollars through banks, President Dr Mohamed Muizzu said last night.

Speaking at a ruling People's National Congress (PNC) meeting, President Muizzu stated that the government had already consulted with the central bank on the amendments that they eish to implement.

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