The Indian High Commission in the Maldives has raised concerns with the Maldives Monetary Authority (MMA) regarding challenges faced by Indian nationals in sending their salaries and income back to India. These issues stem from the limited allocation of US dollars to local banks, which restricts the ability of foreign nationals earning in Maldivian Rufiyaa (MVR) to remit money abroad.
According to the Indian government, while Indian nationals earning in US dollars do not face difficulties, those paid in local currency encounter challenges due to the monthly limits imposed by the MMA. These restrictions have led to frustration among the Indian expatriate community, who rely on timely remittances to support their families in India.
In response, the High Commission of India has engaged with the Maldivian government and the MMA, requesting an increase in the allocation of US dollars to local banks to alleviate the problem. The matter is being followed up actively to ensure that a solution is reached.
The Indian community represents a significant proportion of expatriates in the Maldives, contributing to various sectors. Addressing their concerns not only strengthens bilateral ties but also underscores the importance of mutual cooperation in resolving such challenges.
