The Maldives Customs Service has increased the import export duty rate to Rf14.10 to the dollar, starting from May.
Principal Collector of Customs, Mohamed Aswan, said the rate was in fluctuation and would be revised every month, in collaboration with the Maldives Monetary Authority (MMA).
The government recently floated the rufiya within a 20 percent band of the pegged rate of Rf 12.85.