Banks and the Maldives Monetary Authority (MMA) will close for 10 days during Republic Day and the Eid-al Adha holidays, November 11-20.
The MMA said the decision was made in conjunction with banks, however it has raised the ire of the Maldives National Chamber of Commerce and Industries (MNCCI).
“When nine [public] holidays were observed last year, we opened on one day in the middle,” the MMA told Haveeru. “The procedure does not allow employees to fully utilise the holidays. Banks also said that a few customers get the service during the holidays.”