Pension Fund Not Government's Wallet!

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. Following this decision, three senior officials from the Pension Office have resigned, with criticism directed at this move as a threat to the fund's independence. If indirect money printing leads to increased inflation, a rise in the real exchange rate of foreign currency, and an economic crisis in the coming months, there will be no opportunity to claim that this was a transaction between three institutions and that no one will take responsibility.