The opposition Maldivian Democratic Party (MDP) has approved a resolution warning of direct political action, including a campaign calling for President Dr. Mohamed Muizzu's resignation, unless the government reverses its current economic and fiscal policies.

The resolution was adopted by a majority of members present at the 137th sitting of the fourth session of the MDP National Council on Monday night.

The resolution raises concerns over the recently introduced requirement for resorts to convert 40 percent of their foreign currency earnings into Maldivian Rufiyaa through local banks.

According to the MDP, the policy could place additional financial pressure on resort operators, particularly as tourism businesses require foreign currency to repay development loans and meet other expenses, including salaries for expatriate employees.

The party noted that a significant portion of resort revenue is already paid to the government through taxes and fees, including GST, tourism-related charges, and the green tax.

The MDP argued that increasing mandatory foreign currency conversion would not necessarily lead to a meaningful improvement in dollar inflows.

It also said exchange rate stability should be pursued through broader market-based and economic measures.

The opposition called for the restructuring of the government's external debt and reductions in government expenditure as part of efforts to address foreign currency pressures and rising prices.

The party further warned that recent government decisions could weaken investor confidence and increase economic risks for the country.

The MDP called on President Dr. Muizzu to halt what it described as irresponsible economic measures and enter discussions with the opposition to address the country's financial challenges.

The resolution states that if the government does not change its approach, the MDP will intensify direct political action, including efforts calling for the President's resignation.

The party also urged members of the business community to provide financial support for its campaign.