Dollar price reaches record high
ADAdhadhu – 5 hours ago
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The price of the US dollar in the Maldivian black market has surged to a record high of MVR 20.50 per dollar. This is the first time the dollar's value has risen this high since the COVID-19 pandemic. Economists have expressed concern over the dollar's rate remaining above MVR 20 for an extended period without falling. The surge is attributed to changes in dollar exchange policies, reduced dollar supply, and increased demand in the market.