The Regional Airport Company (RAC) Managing Director, Ahmed Mubeen, has praised President Dr. Mohamed Muizzu for implementing a new foreign exchange policy that he believes prioritizes the well-being of the people over the interests of the wealthy.

The new rules, which came into effect yesterday, require all banks in the Maldives to exchange a set amount of dollars for each tourist visiting the country’s tourist attractions. Under the policy, tourist resorts are obligated to exchange $500 per tourist, while hotels with 50 rooms or fewer must exchange $25 per tourist.

Mubeen expressed his appreciation for the decision on X (formerly Twitter), thanking President Muizzu for his leadership. He emphasized that the new policy reflects a focus on the rights and well-being of the people.

He further explained that the foreign exchange decision will bring significant benefits to the Maldives by enhancing the nation's foreign exchange reserves and ensuring that economic gains from tourism are felt across the country.

The policy has been widely praised by both government officials and the public, with many seeing it as a step toward greater economic equality.