Maldives has implemented the Foreign Currency Act as of January 2025, requiring businesses to deposit foreign earnings into designated bank accounts. Tourism establishments must exchange specific amounts of foreign currency based on their category, with Category A establishments exchanging USD 500 per tourist or 20 per cent of monthly foreign income, and Category B establishments exchanging USD 25 per tourist or the same percentage. The Act mandates domestic transactions in Maldivian rufiyaa and requires non-tourism businesses with annual revenue above USD 15 million to convert all foreign currency within three months of receipt.