Latheef: 40% dollar rule protects public

6 days ago

Vice President Hussain Mohamed Latheef says President Dr. Mohamed Muizzu’s decision to require resorts to convert 40 percent of their dollar revenue is a measure taken in the public interest and aimed at stabilising the country’s foreign exchange situation. Speaking on MMTV on Saturday, Latheef said increasing the proportion of foreign currency channelled through Maldivian banks would benefit both the public