Forex Regulation: MP Thoriq calls for consensus through discussions with businesses

MP for Mahibadhoo constituency Ahmed Thoriq has called for the government to enter discussions with major businessmen and to reach a consensus on how to go forward with the tourism forex regulations instead of challenging industry leaders.

Leaders in the tourism industry have raised objections against the forex regulations set in place by the Maldives Monetary Authority (MMA). They have voiced reservations about how the regulations have been drafted, and informed the central bank that they cannot comply.