Dollar Shortage
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Business"Resorts content with changes to foreign currency exchange"
The main change in the proposed bill is giving tourist establishments two options to exchange dollars with the central bank instead of mandating the exchange of dollars per tourist.
NewsBill makes exchanging USD 500 per tourist optional
The bill submitted to the Parliament on Monday allows resorts to choose between exchanging USD 500 for each tourist or 20 percent of the monthly dollar income.
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Usable reserves grow with bank investments after currency swap
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MMA opens draft foreign exchange bill for consultation
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Tourism advisor Khaleel appointed to economic council
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We will not change rules, 500 dollars must be exchanged: Muizzu
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President's tourism advisor among operators against dollar rules
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Muizzu denounces resort owners!
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State minister calls to seize Universal's resort permit
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MMA says 173 operational resorts have registered under new rules
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Over 50 resorts refuse to comply with the change in dollar rules
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MACL's dollar-denominated salaries violate law and MMA directives
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President assures salaries in dollars despite PCB order
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Dollar black market rate climbs to MVR 19
Business
Usable dollar reserves drop below USD 50 million again
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Solution can be found without upsetting the industry, say experts
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MATI officials meet Tourism Minister after expressing concern
Business
New rules require resorts to change USD 500 per tourist
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MACL pays salaries in dollars in violation of PCB order
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