Government Prints Money to Pay Salaries
ADAdhadhu – 5 hours ago
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Due to a lack of funds to pay this month's salaries, the government has engaged in a "money printing" transaction by converting MVR 2.4 billion in T-bills into long-term bonds through the pension fund. This decision has significantly increased concerns among experts and opposition parties, leading to the resignation of three senior officials from the Pension Office. The government and Pension Office state this is a beneficial investment for the fund.