MMA opens for public comment draft bill on forex regulation with changes

Central bank Maldives Monetary Authority (MMA) has opened up for public comments a draft bill which includes a number of changes to the tourism forex regulation.

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Maldives Monetary Authority (MMA)'s main office building in capital Male. PHOTO/MIHAARU

Mariyath Mohamed

2024-11-27 09:22:15

Central bank Maldives Monetary Authority (MMA) has opened up for public comments a draft bill which includes a number of changes to the tourism forex regulation.

As per the 'Foreign Currency Bill' opened for comments by MMA, all tourism sector businesses must exchange a set amount at local banks.

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