MALE, May 12 (HNS) – The cabinet has decided to impose a limit on the amount of money that can be sent abroad by expatriate workers in the Maldives.
The government gazette said the cabinet, in its discussions on the ways to minimize the amount of money transferred abroad, decided to limit the amount that can be sent abroad by expatriate workers from their salaries and to prevent illegal expatriate workers from sending money abroad.
The cabinet further decided to fine expatriate workers who exceed the limit and the parties that provide the money transfer service.
The cabinet’s decisions on minimizing the amount of money sent abroad include drafting a regulation on transferring money abroad.
The regulation is to be drafted after discussions between Finance Ministry, Economic Ministry, Attorney General’s (AG) Office, Maldives Monetary Authority (MMA), and other relevant authorities.
Some expatriate workers, however, reported facing difficulties in transferring money abroad following the dollar revaluation, as some banks are said to have imposed a ban on the amount of money than can be transferred abroad by expatriate workers.
“Earlier the Indian bank [State Bank of India] would transfer any amount when we pay it in Maldivian rufiyaa. But now a person can send US$500 per month,” an expatriate nurse working at Indira Gandhi Memorial Hospital (IGMH) said.