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Black market dollar sellers could face MVR 1 million fines under new law
Individuals caught buying or selling US dollars and other foreign currencies outside the official exchange rate could face fines of…
Maldives and Russia agree to increase flight frequencies as tourism ties expand
The Maldives and Russia have agreed to increase flight frequencies operated by Russian airlines, as the two countries seek to…
MLE Sea-to-Air Cargo Grows 6% in First Seven Months of 2026
Velana International Airport (MLE) has recorded a 6 percent increase in sea-to-air transshipment cargo during the first seven months of…
Dollar blackmarket crackdown: MMA revokes Express Money Exchange licence
The Maldives Monetary Authority (MMA) has revoked the money-changing licence of Express Money Exchange Private Limited after regulatory supervision found…
Parliament passes 40% resort dollar conversion rule, tightens penalties on black market trading
The People’s Majlis has passed major amendments to the Foreign Exchange Act, requiring resorts to convert 40% of their foreign…
Maldives’ future will be shaped by its youth: President
President Dr. Mohamed Muizzu has described young Maldivians as one of the country's greatest strengths, pledging that his administration will…
New rule: Expat salaries must go directly into local bank accounts
The Maldives has introduced new rules requiring employers to deposit expatriate workers’ salaries directly into bank accounts held in their…
Former President Solih to contest MDP presidential primary
Former President Ibrahim Mohamed Solih has decided to contest the Maldivian Democratic Party's (MDP) presidential primary, setting the stage for…