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MMA Urges Tourism Industry to Retain Higher Percentage of USD Revenue Within Banking System
The Maldives Monetary Authority held closed-door discussions with the tourism industry on increasing the amount of US dollars retained in the local banking system, as tourism sector transactions with banks last year totalled US$68 million while the sector generated US$4.5 billion in revenue. The administration is considering requiring a set portion of foreign-currency income to be traded through banks, a move local businesses have raised reservations about.
Sources1carried itMR1 of 19 news outlets we monitor
Figures2as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
What happened
in order; days are read from the reports' words and dates
Tue 24 SepThe MMA released figures showing the amount of USD entering the banking system from the resorts.on Tuesdayonly Maldives RepublicThe MMA, on Tuesday, released figures showing the amount of USD entering the banking system from the resorts.
Word for word from the report in Maldives Republic. Open the report
How the reporting differs
one source so far
Maldives RepublicNews outlet
MMA Urges Tourism Industry to Retain Higher Percentage of USD Revenue Within Banking System
US$68 million Tourism sector transactions with banks last year
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
US$68 millionTourism sector transactions with banks last yearMaldives RepublicWhile tourism sector transactions with the banks last year came in at US$68 million, the sector generated US$4.5 billion in revenue.
Word for word from the report in Maldives Republic. Open the report
US$4.5 billionTourism sector revenueMaldives RepublicWhile tourism sector transactions with the banks last year came in at US$68 million, the sector generated US$4.5 billion in revenue.
Word for word from the report in Maldives Republic. Open the report