… decision to pay salaries in Maldivian Rufiyaa instead of USD as before …

… 6 million (87 million Maldivian rufiyaa) was sought to fund … its involvement in undermining Maldives’ sovereignty. Veteran Bharat … between Bharat and Maldives have fluctuated significantly in … a currency swap arrangement, were signed to aid Maldives’ economy …

… was estimated at 87 million Maldivian rufiyaa (approximately $6 million), … its strategy. Recognizing the Maldives’ dire economic situation, … providing a $700 million currency swap. These measures … smaller nations like the Maldives, this competition has created …

… activities will be conducted in Maldivian Rufiyaa and Indian Rupees, as agreed … the way for trading the Maldivian Rufiyaa and Indian Rupee in the …

… foreign currency transactions in Maldives and standardize currency exchange … conducted exclusively in Maldivian Rufiyaa, with exceptions permitted … of the exchanged currency to Maldives Monetary Authority ( … threshold in foreign currency transactions must …

… to enhance foreign currency management and regulate exchange … to be conducted in Maldivian Rufiyaa, except under circumstances … the Maldives in any currency other than the Rufiyaa. The … with distinct requirements for currency exchange: Category A: Resorts …

… ratified the Foreign Currency Act today, following … Maldives. The legislation mandates that all domestic transactions be conducted in Maldivian Rufiyaa … to exchange foreign currency derived from sales … million annual foreign currency transaction threshold are …

… managing foreign currency transactions and regulates currency exchange practices … be conducted in Maldivian Rufiyaa, prohibiting the use … the Maldives in any currency other than the Rufiyaa. … , including the Foreign Currency Regulation (Regulation no. …

… of their foreign currency earnings to Maldivian rufiyaa. Parliament on … total revenue in foreign currency. Category B establishments ( … from four stakeholders: Maldives Association of Tourism and … Travel Operators (MATATO) Maldives Monetary Authority (MMA) …

… to convert foreign currency earnings into Maldivian rufiyaa. The Foreign … government to reverse the forex policy. “This … multiplier effect.” The Maldives government has offered concessions … convert foreign currency earnings into Maldivian rufiyaa. The Foreign …