Foreign Exchange Overhaul: The government has submitted amendments to the Foreign Currency Act to drop the USD 500-per-tourist exchange option for resorts and make it mandatory to convert 20% of monthly dollar revenue with local banks; the Public Accounts Committee has set a one-day deadline to review the bill. Parliament Push: The Majlis has extended its session by a week to expedite the land seizure bill and also expects to pass the Foreign Currency Act amendments during the extension. Dollar Supply Support: The Maldives Monetary Authority raised weekly USD allocations to commercial banks by 51% for three weeks to ease foreign-currency access for importers. Black-Market Pressure: Economic Minister Mohamed Saeed dismissed reports of an official rate change to MVR 25 as “fake news,” while opposition leader Nasheed demanded the parallel USD rate fall to MVR 19 in 10 days. Budget Snapshot: State revenue and grants rose 9.3% to MVR 26.5 billion as of Aug 6, driven mainly by higher tax collections. ADB Fuel Lifeline: The Asian Development Bank approved a USD 50m emergency loan to support fuel imports amid Middle East-driven price spikes. Tourism Trade Signals: Tourist arrivals slipped 8% in early August, while Maldivian tuna exporters reported 20% growth after the UK suspended tuna tariffs. Corporate Governance Reminder: Dhiraagu and other shareholders were urged to update tax residency status to ensure correct dividend withholding. Banking Confidence: Bank of Maldives warned that false rumours could harm correspondent banking relationships and long-term financial stability. Business Expansion: Maldivian expanded Aviareps’ India mandate to pan-India, aiming to boost sales and visibility in a market that delivered nearly 190,000 arrivals in 2025. Fisheries Operations: MIFCO introduced fuel-on-credit for fishing vessels, and the Fisheries Ministry set sea-cucumber export quotas under CITES rules.