At today’s meeting of the Cabinet, Members have decided on a payment policy where all local currency payments are to be made in Maldivian Rufiyaa (MRF).
Members highlighted the importance of expediting measures to ease the difficulties arising as a result of the prolonged shortage of US Dollar in the market.
After discussing the matter, Members agreed that this policy would strengthen the value of the Maldivian Rufiyaa, and offer perspectives toward fiscal sustainability. The policy is to be implemented following clarification of administrative and legal issues.