Dollar price rises to MVR 21 within 24 hours
ADAdhadhu – 6 hours ago
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The black market price of the dollar has risen above MVR 21, less than 24 hours after Ibrahim Falih, leader of the ruling PNC's parliamentary group, stated that dollars are easily available at bank rates. Last week, a dollar was available for MVR 20.50. The value of the Maldivian Rufiyaa has significantly depreciated under President Muizzu's administration, leading to an extreme shortage of dollars.