Nasheed: Stop all development work until dollar price drops
RARaajje MV – 9 hours ago
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Former President Mohamed Nasheed stated that the government should not incur any expenses beyond essential services until the dollar's value decreases. He advised halting all development projects immediately and handing over unfinished projects to local councils. Nasheed suggested that councils could complete these projects using cross-subsidy mechanisms. This statement comes amid discussions about foreign exchange market fluctuations and the emergence of a black market for dollars.