Barceló Nasandhura Accused of Forcing USD Payments for Events, Raising Foreign Currency Law Questions
Several event organizers claim that Barceló Nasandhura required payments for events to be settled in United States dollars or in Maldivian Rufiyaa calculated at an unofficial exchange rate of approximately MVR 20 per dollar, raising concerns about compliance with Maldives' foreign currency regulations. The payment condition was presented as a requirement to confirm bookings. The allegations question legality since collecting foreign currency for domestic transactions is illegal unless specified under Maldivian law.
Several event organizers claim that Barceló Nasandhura required payments for events to be settled in United States dollars or in Maldivian Rufiyaa calculated at an unofficial exchange rate of approximately MVR 20 per dollar, raising concerns about compliance with Maldives' foreign currency regulations. The payment condition was presented as a requirement to confirm bookings. The allegations question legality since collecting foreign currency for domestic transactions is illegal unless specified under Maldivian law.
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Several event organizers claim that Barceló Nasandhura required payments for events to be settled in United States dollars or in Maldivian Rufiyaa calculated at an unofficial exchange rate of approximately MVR 20 per dollar, raising concerns about compliance with Maldives' foreign currency regulations. The payment condition was presented as a requirement to confirm bookings. The allegations question legality since collecting foreign currency for domestic transactions is illegal unless specified under Maldivian law.
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