'Wasteful spending pushed USD rate above MVR 23'

2 weeks ago

Former Economic Minister and former MDP chairperson, Fayyaz Ismail, has argued that the increase in the dollar exchange rate from MVR 17.50 at the onset of President Dr. Mohamed Muizzu’s administration to more than MVR 23 at present is not the result of inadequate policies, but rather the result of the government’s excessive spending and failure to curb expenditure. In a