Economy
Shujau has stated that the dollar black market is created by politicians who do not love the country. Aamir noted that the Governor appearing in President's Office press conferences politicizes the financial system. The Economic Ministry has decided to dissolve 28 foreign companies under the Companies Act for operating illegally in sectors reserved for Maldivians, such as wholesale and retail trade and logistics. In addition, with the second amendment brought to the Maldives Fisheries Act, significant changes facilitating the establishment and operation of designated harbors and facilities for recreational and sports fishing have begun to be implemented.
Shujau has stated that the black market for dollars in the Maldives is created and expanded by politicians who do not love the country. On September 4, 2026, he noted that such improper business activities conducted by those who prioritize personal political gain over the nation's economic interests damage the country's financial system. Furthermore, pointing to the hardships faced by citizens due to such actions, he highlighted in his speech the importance of stopping such activities carried out by unpatriotic leaders.
Aamir stated that the appearance of the Maldives Monetary Authority (MMA) Governor at press conferences held at the President's Office is politicizing the Maldives' financial system. He noted that while maintaining the independence and autonomy of the central bank is extremely important to upholding financial confidence, the Governor's appearance on government political platforms could damage trust in the system. Additionally, Aamir emphasized the importance of keeping financial system matters free from political influence and ensuring MMA remains an independent institution.
Relevant authorities decided on 4 September 2026 to dissolve 28 foreign companies operating illegally in business sectors reserved for Maldivian citizens. This step was taken in accordance with laws and regulations as an important measure to protect the rights of Maldivian businesses and to prevent foreign parties from entering businesses reserved for Maldivians. Furthermore, relevant government agencies are continuing efforts to identify such companies that violate business regulations and take legal action in accordance with established policies.
On 4 September 2026, it was decided to introduce important amendments to relevant regulations and rules to facilitate the further expansion of recreational and sports fishing in the Maldives. The primary objective of these amendments is to increase available opportunities in the sector and establish convenient arrangements for interested parties. Concurrently, these changes also place an emphasis on strengthening the legal framework required to conduct sports fishing activities in a sustainable manner.
As reported on September 4, 2026, aims have been set to take important steps to bring an end to the influence of foreign contractors operating in various sectors of the Maldives. In this regard, it has been decided to give special priority to prioritizing national interests and reducing the influence exerted by foreign parties in the Maldivian economy and the labor market. The primary objective of this policy is to prioritize Maldivian companies in the country's internal development projects and contracts, thereby enhancing national self-reliance. Furthermore, this decision will pave the way to reduce reliance on foreign contractors and expand the role of Maldivian businesses.