New Forex Rules

Written By NOCWeb .

The First Amendment to the Foreign Currency Act, adopted by Parliament on August 26, 2026, is now published on their website.

Publication Link: https://majlis.gov.mv/storage/action_files/1935/5yGM3zyg5WWzUvqZNcQ5vjPfeEmhULe0JOREeYUQ.pdf

The amendment changes many rules in the Foreign Currency Act that took effect on January 1, 2025.

We have summarized the new rules as they apply to mandatory conversions / payment of salaries and benefits; shareholder dividends; and payment for goods and services in a foreign currency.

Please have a look at this link for an easy glance. https://lnkd.in/gZw83CCH



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NOCWeb .
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