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The tuna-rich waters around the Maldives provide the country with much-needed foreign revenue and the industry has grown by about seven per cent a year during the past decade as a result of government aid to improve the infrastructure and build boats and canning factories.
Maldive fishermen say their tuna industry is probably the most environmentally friendly and sustainable in the world.
According to the MaldivesMonetaryAuthority, frozen tuna exports were worth USD 8.1 million in the first quarter, a massive increase from last year's first quarter figure of USD 2.5 million.
However the Authority may, at its discretion, determine the circumstances and conditions under which the value of any note or coin which has been illegally dealt with or of any mutilated or imperfect note or coin may be refunded.
The Authority may, periodically or at its discretion cause an inspection to be made by any of its officers of any bank or other financial institution, and its books and accounts for the purpose of ascertaining its manner of operation.
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