The Maldives Monetary Authority reiterated that entities must complete the required conversion of each calendar month’s foreign currency income before the 28th day of the following month under Section 10(e) of the Foreign Currency Act (32/2024), warning that entities missing the deadline will have their names disclosed under its established policies.
Maldives Monetary Authority reiterates monthly foreign currency conversion deadline and warns of disclosure for noncompliance
The Maldives Monetary Authority reminded entities to complete mandatory foreign currency conversions before the 28th of the month following receipt of the income, warning that those missing the deadline will be publicly named under established policies.