Cabinet has agreed to strengthen the regulations regarding foreign currency exchange in a bid to curb ongoing dollar shortages in the Maldives.
Ministers agreed to expedite measures to ease the difficulties faced by the Maldivian population due to the ongoing shortage.
During Tuesday’s cabinet meeting ministers also approved the Maldives’ participation in the International Anti-Corruption Academy (IACA).
IACA is a joint initiative by the United National Office on Drugs and Crime, Austria, European Anti-Fraud Office and other stakeholders. IACA aims to overcome current shortcomings in knowledge and practice in the field of anti-corruption.
In a statement the President’s Office said that the Maldives’ participation in IACA would be “a huge step forward in its fight against corruption.”
