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The Silent Session: Parliament and MATI’s Concealed Currency Bill Discussions
Parliament's Public Accounts Committee met on Wednesday in a session closed to the public at MATI's request to review the government-backed Foreign Currency Bill, introduced by MP Ibrahim Falah after a vote of 51 in favour and four against. The bill would let tourist establishments either exchange a fixed USD amount per tourist (USD 500 for Category-A resorts, USD 25 for Category-B hotels, vessels and guesthouses) or convert 20 percent of monthly revenue.
Sources1carried itTS1 of 19 news outlets we monitor
Figures4as written, with their sentences
One outlet so far Only The Standard 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 1 OctA foreign exchange regulation mandating tourist establishments to exchange a fixed USD amount per tourist at local banks took effect.October 1only The StandardThe Foreign Currency Bill follows a controversial foreign exchange regulation implemented on October 1, mandating tourist establishments to exchange a fixed USD amount per tourist at local banks.
Word for word from the report in The Standard. Open the report
Wed 11 DecThe Public Accounts Committee of Parliament convened to review the Foreign Currency Bill in a session closed to the public at MATI's reques…on Wednesdayonly The StandardnewestThe Public Accounts Committee of Parliament convened on Wednesday to review the Foreign Currency Bill, with the meeting being closed to the public at the request of the Maldives Association for Tourism Industry (MATI).
Word for word from the report in The Standard. Open the report
How the reporting differs
one source so far
The StandardNews outlet
The Silent Session: Parliament and MATI’s Concealed Currency Bill Discussions
51 MPs MPs voting in favour of sending the bill to the Public Accounts Committee
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
51 MPsMPs voting in favour of sending the bill to the Public Accounts CommitteeThe StandardIt was passed to the Public Accounts Committee following a vote where 51 MPs were in favor and four against.
Word for word from the report in The Standard. Open the report
USD 500Per-tourist exchange requirement for Category-A establishmentsThe StandardCategory-A includes registered resorts, integrated tourist resorts, and private islands, which must either exchange USD 500 per tourist or 20 percent of monthly revenue.
Word for word from the report in The Standard. Open the report
USD 25Per-tourist exchange requirement for Category-B establishmentsThe StandardCategory-B covers registered tourist vessels, hotels, and guesthouses, which must either exchange USD 25 per tourist or 20 percent of their monthly revenue.
Word for word from the report in The Standard. Open the report
20 percentShare of monthly revenue convertible as an alternative to the per-tourist exchangeThe StandardThe final version presented to Parliament offers establishments an option: either exchange the fixed amount per tourist as previously mandated or convert 20 percent of their monthly revenue.
Word for word from the report in The Standard. Open the report
Other events named
no clear day, as worded
The committee members unanimously agreed to hold the session behind closed doors.The StandardThe committee members unanimously agreed to hold the session behind closed doors.
Word for word from the report in The Standard. Open the report
