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First National obtains foreign exchange license

15 July, 2025
2 mins

First National Finance Corporation’s wholly owned subsidiary, First National Forex Pvt Ltd, has obtained the “License for Conducting Money Changing Business” from the Maldives Monetary Authority.

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First National obtains foreign exchange license

The license authorizes First National Forex to buy and sell foreign currency under the Regulation on Money Changing Business (2024/R-92).

With the new license, First National Forex aims to complement First National’s existing business and build the capacity to meet the dynamic and diverse forex needs of retail and institutional clients.

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