The Maldives Monetary Authority has published proposed amendments to the National Payment System Act and the Foreign Currency Act. The proposals are intended to support financial system stability and integrity, strengthen the domestic foreign exchange market and adapt the legislation to changing market conditions and operational requirements.
2026-08-12Maldives Monetary Authority
Maldives Monetary Authority proposes amendments to payment systems and foreign currency laws
The Maldives Monetary Authority has proposed amendments to the National Payment System Act and the Foreign Currency Act. The changes are intended to strengthen the domestic foreign exchange market and keep the legislative frameworks responsive to market and operational developments.