President Dr. Mohamed Muizzu said mandatory foreign exchange conversion by the tourism industry and other commercial sectors will bolster state reserves and ease the dollar shortage and parallel market pressures. He made the remarks at a press conference at the President's Office.
One outlet so far Only The Maldives Journal has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Responding to a query regarding the foreign currency crunch during a press conference held at the President's Office, President Muizzu stated that the government is undertaking concerted measures across multiple fronts to resolve the issue.
Word for word from the report in The Maldives Journal. Open the report
Through this change requiring the tourism sector and other entities to exchange foreign currency, alongside these measures, we will make substantial progress in resolving this issue. Concurrently, we will begin seeing results in mitigating…
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