What is the "Currency Exchange Markup at Local Islands" scam in Maldives?

Question

Accepted Answer

Small guesthouses and local shops on inhabited islands offer currency exchange but apply very poor rates compared to Male banks and airport exchange counters, sometimes with an additional undisclosed fee. Tourists staying multiple nights on local islands can lose significantly on multiple small exchanges. Exchange sufficient local currency (Maldivian Rufiyaa) at Male airport or in Male city before heading to local islands. Most guesthouses accept USD for accommodation, but local restaurants and shops require rufiyaa at far more reasonable prices.

Money & ATM Scams in Maldives

Currency Exchange Markup at Local Islands

Experienced a scam here?