Cabinet decides to only accept Maldivian rufiya as taxes
09 Aug 2011, 1:48 PM
Ahmed Nazeer
Cabinet has today decided that all fees and taxes payable to the government must be paid in local currency, in a bid to overcome the dollar shortage currently being experienced in the country.
The decision comes after President’s official visit to Seychelles, following which President Mohamed Nasheed met with the press and shared advice from the Seychelles Finance Ministry and Central Bank Governor to insist on the use of local currency as legal tender.
Speaking to the press, Nasheed said he met with the Governor of Seychelles Central Bank and Finance Ministry’s Principal Secretary for Finance and Trade Ahmed Afif.
‘’I had a long discussion with Mr Afif and Governor of Seychelles over this issue,’’ President Nasheed said. ‘’We are on the right path now, we can reform our economy better than Seychelles.’’
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