MVR 12.5M from atoll shops deposited to councils

4 days ago

Ministry of Finance has begun depositing money generated from the rent on atoll shops run in Male’ City to the atoll councils. The deposits come after a four-year hiatus. Regulations dictate that 50 percent of the rent collected by the State for atoll shops, though it may be run in Male’ City, must go into atoll councils. The rent money was last deposited