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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.

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What are the key figures?

Sources 1carried it 1 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
  1. Tue 24 Sep
    The MMA released figures showing the amount of USD entering the banking system from the resorts. on Tuesday only Maldives Republic The 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

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 million Tourism sector transactions with banks last year Maldives Republic While 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 billion Tourism sector revenue Maldives Republic While 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

Subjects

sectors and approved topics, alphabetical

Named in these reports

alphabetical