Dollar Price Rises to MVR 21.45, Causing Economic Challenges
ADAdhadhu – 6 hours ago
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The price of the US dollar in the Maldivian market has surged to MVR 21.45, posing significant challenges for businesses importing goods. Former President Mohamed Nasheed alleges that the country has run out of dollars due to the government utilizing all funds for debt repayment. Additionally, former Finance Minister Ibrahim Ameer has accused the government of printing MVR 6.2 billion through banks. Businesses anticipate the dollar rate could reach MVR 22 in the coming months.