{"id":348,"date":"2026-08-25T00:14:59","date_gmt":"2026-08-24T16:14:59","guid":{"rendered":"https:\/\/sbxjz.com\/?p=348"},"modified":"2026-08-25T00:14:59","modified_gmt":"2026-08-24T16:14:59","slug":"mati-says-proposed-40-forex-conversion-requirement-not-viable-for-resorts","status":"publish","type":"post","link":"https:\/\/sbxjz.com\/?p=348","title":{"rendered":"MATI says proposed 40% forex conversion requirement \u2018not viable\u2019 for resorts"},"content":{"rendered":"<p>The Maldives Association of Tourism Industry (MATI) has raised concerns over the government\u2019s plan to require resorts to convert 40% of their total foreign currency sales through domestic banks, saying the proposed increase is not viable given the range of US dollar-denominated costs already borne by resort operators. In a statement issued on Monday, MATI [\u2026]<br \/>\nSource<\/p>\n","protected":false},"excerpt":{"rendered":"<div>The Maldives Association of Tourism Industry (MATI) has raised concerns over the government\u2019s plan to require resorts to convert 40% of their total foreign currency sales through domestic banks, saying the proposed increase is not viable given the range of US dollar-denominated costs already borne by resort operators. In a statement issued on Monday, MATI [\u2026]<\/p>\n<p><a href=\"https:\/\/hoteliermaldives.com\/mati-says-proposed-40-forex-conversion-requirement-not-viable-for-resorts\/\">Source<\/a><\/p>\n<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-348","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/sbxjz.com\/index.php?rest_route=\/wp\/v2\/posts\/348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sbxjz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sbxjz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sbxjz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sbxjz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=348"}],"version-history":[{"count":0,"href":"https:\/\/sbxjz.com\/index.php?rest_route=\/wp\/v2\/posts\/348\/revisions"}],"wp:attachment":[{"href":"https:\/\/sbxjz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sbxjz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sbxjz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}