Foreign Currency Exchange Regulations
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NewsEuropean tour operators are expressing concerns: Nasheed
Former President Mohamed Nasheed warned that a new mandate requiring resorts to convert 40% of foreign earnings into local currency could lead to bankruptcy. European investors and tour operators fear the policy leaves insufficient funds for dividends and debt. Nasheed urged the government to reconsider to avoid damaging investor confidence.
NewsYameen says ‘silent revolution’ within ruling PNC
Former President Abdulla Yameen claims a "silent revolution" is brewing within the ruling PNC due to dissatisfaction with new forex rules and constitutional changes. He suggests lawmakers are losing faith in President Muizzu, though PNC members have officially denied any internal divisions and reaffirmed their support for the government.
