{"id":15428,"date":"2025-04-23T00:27:36","date_gmt":"2025-04-23T00:27:36","guid":{"rendered":"https:\/\/mbt.mv\/?p=15428"},"modified":"2025-04-23T00:27:36","modified_gmt":"2025-04-23T00:27:36","slug":"maldives-president-hopeful-of-us-dollar-exchange-dropping-to-mvr-15-42","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=15428","title":{"rendered":"Maldives President hopeful of US dollar exchange dropping to MVR 15.42"},"content":{"rendered":"<p>The Maldives President has expressed hopes to bring down the US dollar exchange rate at the regular and black market to the bank rate of MVR 15.42 before the end of 2027.<\/p>\n<p>He said this during a podcast in which he assured the exchange rate issues will be solved during his administration while highlighting the requirement for extra steps in resolving the issue.<\/p>\n<p>The Maldives Monetary Authority (MMA) has already taken steps by implementing a foreign currency exchange regulation that mandates tourist resorts to exchange USD 500 per tourist or 20% of the total monthly earnings with local commercial banks.<\/p>\n<p>President Muizzu had highlighted the continued support from all industry stakeholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Maldives President has expressed hopes to bring down the US dollar exchange rate at the regular and black market to the bank rate of MVR 15.42 before the end of 2027. He said this during a podcast in which he assured the exchange rate issues will be solved during his administration while highlighting the<\/p>\n","protected":false},"author":4,"featured_media":15452,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2464,2428],"tags":[710,712,1326,1346],"class_list":{"0":"post-15428","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-local-news","9":"category-public-sector","10":"tag-foreign-currency","11":"tag-foreign-exchange","12":"tag-maldives-monetary-authority","13":"tag-maldives-president-dr-mohamed-muizzu"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maldives President hopeful of US dollar exchange dropping to MVR 15.42 - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=15428\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maldives President hopeful of US dollar exchange dropping to MVR 15.42 - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The Maldives President has expressed hopes to bring down the US dollar exchange rate at the regular and black market to the bank rate of MVR 15.42 before the end of 2027. He said this during a podcast in which he assured the exchange rate issues will be solved during his administration while highlighting the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=15428\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-23T00:27:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/04\/Muizzu-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1240\" \/>\n\t<meta property=\"og:image:height\" content=\"827\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=15428#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=15428\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Maldives President hopeful of US dollar exchange dropping to MVR 15.42\",\"datePublished\":\"2025-04-23T00:27:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=15428\"},\"wordCount\":117,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=15428#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/04\/Muizzu-3.jpg\",\"keywords\":[\"Foreign Currency\",\"Foreign Exchange\",\"Maldives Monetary Authority\",\"Maldives President Dr. Mohamed Muizzu\"],\"articleSection\":[\"FINANCE\",\"Local News\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=15428#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=15428\",\"url\":\"https:\/\/mbt.mv\/?p=15428\",\"name\":\"Maldives President hopeful of US dollar exchange dropping to MVR 15.42 - 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