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Recent Days

A major foreign exchange mandate took effect as President Dr. Mohamed Muizzu ratified legislation requiring Category 'A' tourism establishments to exchange 40 percent of monthly gross sales via local banks, amid 65 reports of illegal currency trading. Simultaneously, the Ministry of Infrastructure, Housing and Urban Development awarded MTCC five projects worth MVR 937.35 million, including coastal works in Maafushi and Funadhoo. Separately, the Prosecutor General’s Office charged Thinadhoo City Mayor Saud Ali over falsified population records and announced plans to prosecute bank account renting.

[ Politics ]6

Under the policy of reducing state expenditure, the Local Government Authority (LGA) has instructed councils to obtain written permission prior to hiring staff. In the case of submitting false population data to obtain city status, the Prosecutor General's Office has filed two charges against Thinadhoo City Mayor Saud Ali for providing a false document and giving false information to an official authority. At the MDP rally held on September 2, 2026, former Finance Minister Ibrahim Ameer stated that due to inflation, citizens have been pushed into poverty by 30 to 40 percent, and that this government is attempting to dismantle the decentralization system. President Dr. Mohamed Muizzu has faced criticism for mocking journalists by describing them as ancient storytellers. While an issue has surfaced regarding the lease of three islands in Th. Atoll for $864,000 to a company allegedly linked to President Muizzu's cousin Hassan Waheed, the President stated that a political employee who held shares in that company has been dismissed from their post. Allegations have also emerged that …

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[ Economy ]5

Following the police's request to share information about parties illegally exchanging foreign currency on the black market without MMA's permission, 65 reports have been submitted through the special hotline (9388733). Under the first amendment brought to the Foreign Currency Act, President Dr. Mohamed Muizzu has ratified the bill mandating Category 'A' tourism businesses to exchange 40 percent of their monthly foreign currency revenue into Rufiyaa through Maldivian banks. On September 2, 2026, the Ministry of Infrastructure officially handed over five development projects worth MVR 937.35 million to MTCC. In addition, important discussions were held regarding the expansion of the Islamic economy and halal trade. Furthermore, the special exhibition held to enhance the productivity of Maldivians received great support from the public.

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[ Social ]8

Prosecutor General Abbas Shareef has announced that criminal charges will be filed against individuals who rent or allow others to use their personal bank accounts and cards. Following an increase in incidents of children falling from high-rise towers and dying, the Malé City Council instructed HDC on September 2, 2026, to install safety grills and railings on windows and balconies of flats in Hulhumalé. Following the death on September 1 of 9-year-old Zeeva Sinan Ahmed, who was injured in a dangerous accident near the Vinares towers in Hulhumalé Phase 2, police have investigated allegations that a second car ran over her and have towed the vehicles involved. Additionally, the police have taken actions regarding this accident, including suspending the licenses of three drivers involved and fining an individual who drove a parked vehicle while their license was already suspended.

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