MATI Delays Reethi Raajje’ Event Amid Rising Tensions With MMA

The Maldives Association of Tourism Industry (MATI) has postponed the launch of its Reethi Raajje’ National Campaign, originally scheduled for Thursday, citing unforeseen circumstances. The announcement comes amid rising tensions with the Maldives Monetary Authority (MMA) over new Foreign Exchange Regulations gazetted on Tuesday. The regulations mandate all transactions in Maldivian Rufiyaa, with limited exceptions. MATI criticizes the MMA for ignoring industry concerns, particularly the fixed foreign exchange amounts of US$500 per tourist for resorts, safari boats, and city hotels, and US$25 for guesthouses, which could burden smaller businesses. The campaign, a yearlong initiative with monthly clean-ups, is run in collaboration with the Ministry of Tourism.

The Maldives Association of Tourism Industry (MATI) has postponed the launch of its Reethi Raajje’ National Campaign, originally scheduled for Thursday, citing unforeseen circumstances. The announcement comes amid rising tensions with the Maldives Monetary Authority (MMA) over new Foreign Exchange Regulations gazetted on Tuesday. The regulations mandate all transactions in Maldivian Rufiyaa, with limited exceptions. MATI criticizes the MMA for ignoring industry concerns, particularly the fixed foreign exchange amounts of US$500 per tourist for resorts, safari boats, and city hotels, and US$25 for guesthouses, which could burden smaller businesses. The campaign, a yearlong initiative with monthly clean-ups, is run in collaboration with the Ministry of Tourism.

The Maldives Association of Tourism Industry (MATI) has postponed the launch of its Reethi Raajje’ National Campaign, originally scheduled for Thursday, citing unforeseen circumstances. The announcement comes amid rising tensions with the Maldives Monetary Authority (MMA) over new Foreign Exchange Regulations gazetted on Tuesday. The regulations mandate all transactions in Maldivian Rufiyaa, with limited exceptions. MATI criticizes the MMA for ignoring industry concerns, particularly the fixed foreign exchange amounts of US$500 per tourist for resorts, safari boats, and city hotels, and US$25 for guesthouses, which could burden smaller businesses. The campaign, a yearlong initiative with monthly clean-ups, is run in collaboration with the Ministry of Tourism.

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