Two resorts cited for failing to exchange USD

1 week ago

The Maldives Monetary Authority (MMA), on Sunday, has disclosed the names of the resorts that have failed to comply with foreign exchange regulations requiring the mandatory conversion of foreign currency. According to the central bank, Rahaa Resort and South Palm Resort Maldives have not exchanged any foreign currency. Rahaa Resort, located in Laamu Atoll, is operated by MO Hotels and Resorts,